Billion Dollar Bid for Bdubs
Undated (KROC AM News) - The stock price of a well-known Minnesota company has shot up more than 25-percent in Tuesday’s pre-market activity, thanks to a reported buyout bid.
The Wall Street Journal reported Monday the bid to buy Buffalo Wild Wings is from private equity firm Roark Capital. The firm’s bid for the restaurant chain is $2.3-billion, or more than $150 per share.
The Minneapolis-based company has seen its stock fall during the last year from $175 in December to $117 per share at the end of Monday’s trading.