=Sonic (SONC) to be acquired by Inspire Brands in $2.3 billion

The parent company of Arby’s and Buffalo Wild Wings will now own the Sonic burger chain.
The deal, which assumes all debt, is valued at $2.3 billion.
Sonic shareholders will receive $43.50 a share in cash.
Inspire Brands is owned by private equity firm Roark Capital.
Sonic joins Inspire's portfolio, which includes more than 4,700 Arby's, Buffalo Wild Wings and Rusty Taco restaurants.



www.focusbrands.com
https://inspirebrands.com/
https://www.roarkcapital.com/portfolio#s2_Resturant_and_Food
https://www.roarkcapital.com/portfolio
FOCUS Brands is the parent company of Auntie Anne's, Carvel, Cinnabon, Moe's Southwest Grill, Schlotzsky's and the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets.


The parent company of Arby’s and Buffalo Wild Wings is acquiring burger chain Sonic in a deal valued at $2.3 billion, the companies announced on Tuesday.

The deal, which will pay Sonic shareholders $43.50 per share in cash, represents a 19 percent premium on Sonic’s Monday close. Trading was halted Tuesday morning.

This acquisition adds to Inspire Brand’s portfolio of restaurants that also includes Rusty Taco. Inspire Brands is owned by private equity firm Roark. As part of the deal, Sonic will become a private company.