SAN DIEGO & MINNEAPOLIS--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Buffalo Wild Wings Inc. (BWLD) by Arby's Restaurant Group Inc. On November 28, 2017, the two companies announced the signing of a definitive merger agreement pursuant to which Arby's will acquire Buffalo Wild Wings. Under the terms of the agreement, Buffalo Wild Wings shareholders will receive $157.00 for each share of Buffalo Wild Wings common stock.
View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/buffalo-wild-wings-inc
Is the Proposed Acquisition Best for Buffalo Wild Wings and Its Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board of directors at Buffalo Wild Wings is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.
Notably, the $157.00 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, in the last three years Buffalo Wild Wings traded as high as $205.73 on September 23, 2015, and most recently traded above the merger consideration – at $158.85 – on May 24, 2017.
Buffalo Wild Wings shareholders have the option to file a class action lawsuit to ensure the board of directors obtains the best possible price for shareholders and the disclosure of material information. Buffalo Wild Wings shareholders interested in information about their rights and potential remedies can contact attorney Leo Kandinov at (800) 350-6003, firstname.lastname@example.org, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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