Arby’s $2.9 Billion Acquisition of Buffalo Wild Wings

Cleary Gottlieb is representing Goldman Sachs & Co. LLC as financial advisor to Buffalo Wild Wings, Inc. (BWW) in its sale to Arby’s Restaurant Group, Inc. for $157 per share in cash, in a transaction valued at approximately $2.9 billion, including BWW’s net debt.

The transaction, announced on November 28, 2017, is expected to close in the first quarter of 2018, subject to customary closing conditions and applicable regulatory approvals.