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Arby's Parent Company Buying Sonic

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Arby's parent company, Inspire Brands, is acquiring burger chain Sonic for $2.3 billion including debt. At $43.50 per share the acquisition will amount to $1.57 billion in cash. Inspire Brands was founded in February after Arby's acquisition of Buffalo Wild Wings. Business Insider says Sonic will continue to operate independently out of its Oklahoma City headquarters. The deal is expected to close by the end of this year.

Added on the 26/09/2018 06:39:48 - Copyright : Wochit

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