Buffalo Wild Wings shares soar amid report of takeover attempt
Shares of Buffalo Wild Wings soared in after-hours trading Monday, Nov. 13, 2017, after a report that private-equity firm Roark Capital Group was offering a deal for the chicken wing chain. Credit: Getty Images/ Joshua Lott
Shares of Buffalo Wild Wings soared in after-hours trading Monday after a report that private-equity firm Roark Capital Group was offering a deal for the chicken wing chain.
The Wall Street Journal, citing people familiar with the matter that it did not name, reported that Roark offered $150 a share for Buffalo Wild Wings in recent weeks. That would value the deal at more than $2.3 billion.
Roark, which has investments in the Arby’s and Auntie Anne’s Pretzels chains, declined to comment Monday. A representative for Buffalo Wild Wings Inc. did not immediately respond to a request for comment.
Shares of Buffalo Wild Wings, which has several locations each in Nassau and Suffolk counties, closed at $117.25 Monday, but after the report was released, they jumped 28 percent to $150.10 in after-hours trading.
Warnings before COVID vaccine fraud Doctors accused an LI nurse of faking childhood vaccines yet she kept practicing for years. The DA never investigated. NewsdayTV's Ken Buffa and Newsday investigative reporters Jim Baumbach and David Olson have the story.
Warnings before COVID vaccine fraud Doctors accused an LI nurse of faking childhood vaccines yet she kept practicing for years. The DA never investigated. NewsdayTV's Ken Buffa and Newsday investigative reporters Jim Baumbach and David Olson have the story.
