Is the Proposed Acquisition of Buffalo Wild Wings by Arby’s Restaurant Group Inc. in the Best Interest of Its Shareholders?
Robbins LLP is investigating whether the board of directors at Buffalo Wild Wings is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.
Buffalo Wild Wings shareholders are to receive $157.00 for each share of Buffalo Wild Wings common stock that they own. This merger consideration is significantly below the target price of $170.00 set by an analyst at Guggenheim Securities on July 27, 2017, and $160.00 set by an analyst at Maxim Group LLC on October 26, 2017. Additionally, Buffalo Wild Wings has previously traded as high as $205.73.