The owner of Arby's will reportedly buy Buffalo Wild Wings for $2.9 billion

Buffalo Wild Wings via Foodbeast

Roark Capital Group, which owns Arby's and Cinnabon, has agreed to buy Buffalo Wild Wings for about $2.9 billion, according to a Bloomberg News report.

The firm said it will pay $157 a share in cash for Buffalo Wild Wings, which is 34% above the company's closing stock price on November 13, the day before Roark's initial bid of $150 a share.

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