(CNN Money) Arby’s is buying Buffalo Wild Wings, the chain of sports bars, for $2.9 billion.In an all cash deal, Arby’s is paying $157 per share for Buffalo Wild Wings, a 7% premium based on Monday’s closing price. Buffalo Wild Wings stock had been much lower before rumors about a deal with Arby’s surfaced two weeks ago.The stock rose again in premarket trading Tuesday on news of the purchase agreement.The deal will take Buffalo Wild Wings private. Arby’s is owned by Roark Capital, which also has big stakes in Auntie Anne’s, Carvel and Jimmy John’s.Buffalo Wild Wings, known as B Dubs to its fans, was facing pressure from activist investors who support the deal.Analysts have also speculated that the chain could be hurt by lower NFL ratings this season, and some of the controversy swirling around the league.
The YMCA building was demolished in the late 1960s and much of the debris was pushed into the former swimming pool, where it remained until Castle Danger’s owners selected the site for the new brewery and taproom.Many of the materials from the demolished YMCA contained asbestos, lead and other hazardous materials that needed to be cleaned up before construction began on the current facility. Much of that same contaminated soil and debris is still buried under the land Castle Danger acquired from Canadian National Railway to build its expansion. The $90,000 grant the brewery received from the Minnesota Department of Employment and Economic Development will pay for 75 percent of the costs of cleanup.
“Sometimes they don’t use what you’re singing. They have to do this process to cover themselves because if they get a technical glitch, you going to have 12 minutes of someone you’re not going to hear at all.” An NFL official declined to clarify whether use of a backing track is typical for Super Bowl performances. And Usher taking the stage.
“We would be doing this if it was anybody. I understand that he is a high profile individual, but at the end of the day Mr. Cox’s actions have driven that wedge in between the marriage of Mr. The Patriots played two preseason games and one regular season game on the turf since it was installed in May. New England lost its regular season home opener to the Kansas City Chiefs this past Thursday night, 42 27. The Patriots were outscored 21 0 in the fourth quarter of the 2017 NFL season opener..
Dallas Cowboys outside linebacker Anthony Hitchens (59) gets hit in the back by a pass intended for Detroit Lions tight end Brandon Pettigrew (87) during the fourth quarter of an NFL wildcard playoff football game, Sunday, Jan. 4, 2015, in Arlington, Texas. (AP Photo/The Fort Worth Star Telegram, Richard W.