Roark Capital Group has agreed to buy Buffalo Wild Wings in a deal worth $2.4 billion, Bloomberg News reported Monday night. Roark reportedly sweetened the deal by upping its offer to $157 a share, from its original bid of $150. Buffalo Wild Wings shares were unchanged after hours, after closing at $146.40; its shares are down about 5% year to date. The deal could be announced as soon as Tuesday, Bloomberg said. Roark, a private equity firm, reportedly plans to merge the restaurant chain with another of its holdings, Arby’s, while keeping the two brands separate, and Arby’s Chief Executive Paul Brown will lead the combined company.
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