Tuesday, September 25, 2018

Sonic sold to Arby's and Buffalo Wild Wings owner for $2.3 billion

CNN Money
Well, Arby's owner is about to get beefier: It's buying hamburger joint Sonic for $2.3 billion.

Inspire Brands, a private equity backed firm that owns Arby's and Buffalo Wild Wings, is paying nearly 20% more for Sonic than what shares were trading at on Monday. . . . more