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Inspire Brands to acquire Sonic for $2.3 billion

23 days ago   |   By WLWT

Sonic Corp. and Inspire Brands, Inc., announced Tuesday that they have agreed to an agreement under which Inspire will acquire Sonic for $2.3 billion.
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Sonic sold to Arby's and Buffalo Wild Wings owner for $2.3 billion

Sonic sold to Arby's and Buffalo Wild Wings owner for $2.3 billion

23 days ago   |   By CNN Money

Fear not, drive-in fans. Inspire, the owner of Arby's and Buffalo Wild Wings, said nothing will change now that it is acquiring Sonic. The company will remain an independent subsidiary.
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Arby's parent company is acquiring Sonic. Here's how the CEO says he picks which brands to buy

Arby's parent company is acquiring Sonic. Here's how the CEO says he picks which brands to buy

23 days ago   |   By Business Insider

Arby's parent company, Inspire Brands, is acquiring Buffalo Wild Wings in a $2.3 billion deal.
Inspire Brands CEO Paul Brown told Business Insider in an interview earlier this year that the company was looking to acquire brands in need of "repositioning."
Brown also said that a major focus is adding "distinct" brands with the potential to grow.
Inspire Brands, parent company of Arby's and Buffalo Wild Wings, is acquiring Sonic for $2.3 billion including debt.
Inspire Brands announced the deal on Tuesday. However, Sonic fits many of the qualifications that Inspire Brands CEO Paul Brown told...
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Arby's owner to buy drive-in chain Sonic for $1.57 billion

23 days ago   |   By Reuters

Arby's-owner Inspire Brands Inc said on Tuesday it would buy Sonic Corp for about $1.57 billion in cash, adding more than 3,600 drive-in restaurants to its portfolio that includes brands such as Buffalo Wild Wings and Rusty Taco.
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Arby's owner buys Sonic burger chain for $2.3 billion

23 days ago   |   By The Morning Call

Arby's owner Inspire Brands is buying the Sonic drive-in hamburger chain. Inspire is paying $43.50 per share cash, or $2.3 billion, for Sonic, which has 3,600 restaurants in the U.S. Inspire expects the deal to close by the end of this year. Sonic will operate as a separate business unit within...
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Inspire Brands to acquire Sonic for $2.3 billion

Inspire Brands to acquire Sonic for $2.3 billion

23 days ago   |   By KCCI

Sonic Corp. and Inspire Brands, Inc., announced Tuesday that they have agreed to an agreement under which Inspire will acquire Sonic for $2.3 billion.
Read more ...

 

Here's Why the Parent Company of Arby's Is Buying Sonic

23 days ago   |   By Fortune

The parent company of a fast food chain that goes out of its way to include hamburgers on the menu has bought the nation's fourth largest burger joint.
Inspire Brands, which owns Arby's and Buffalo Wild Wings, has bought Sonic in a $2.3 billion deal.
The cash deal, which will pay $43.50 for shares of Sonic, will see Sonic become a private company. Sonic boasted $4.4 billion in sales last year, according to Nation's Restaurant News , besting companies like Dairy Queen, Hardee's, and Five Guys. That figure is still less than half of Wendy's sales, though, and just 11% of McDonald's total...
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Here's Why the Parent Company of Arby's Is Buying Sonic

23 days ago   |   By Fortune

The parent company of a fast food chain that goes out of its way to include hamburgers on the menu has bought the nation's fourth largest burger joint.
Inspire Brands, which owns Arby's and Buffalo Wild Wings, has bought Sonic in a $2.3 billion deal.
The cash deal, which will pay $43.50 for shares of Sonic, will see Sonic become a private company. Sonic boasted $4.4 billion in sales last year, according to Nation's Restaurant News , besting companies like Dairy Queen, Hardee's, and Five Guys. That figure is still less than half of Wendy's sales, though, and just 11% of McDonald's total...
Read more ...

 

Arby's parent company is acquiring American fast-food icon Sonic in a $2.3 billion deal. We recently visited the burger chain for the first time - here's what it's like to eat there

Arby's parent company is acquiring American fast-food icon Sonic in a $2.3 billion deal. We recently visited the burger chain for the first time - here's what it's like to eat there

23 days ago   |   By Business Insider

Sonic is an American fast-food institution.
On Tuesday, Arby's parent company Inspire Brands announced it would be acquiring Sonic in a $2.3 billion deal.
While the Oklahoma City-based chain has millions of loyal customers, neither of us had ever visited the drive-in chain before.
We visited Sonic for the first time while in its home state, and we saw firsthand why fans love the chain.
Pretty much everyone has heard or seen a Sonic commercial .
And with more than 3,600 Sonic locations in 45 states, the majority of Americans have likely eaten at one as well. However, despite our vast...
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Burger chain Sonic to be acquired by Arby's parent company in $2.3 billion deal

23 days ago   |   By CNBC

The deal, which will pay Sonic shareholders $43.50 per share in cash, adds to Inspire Brand's portfolio of restaurants that includes, Arby's, Buffalo Wild Wings and Rusty Taco.
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Arby's parent company is buying Sonic for $2.3 billion

Arby's parent company is buying Sonic for $2.3 billion

23 days ago   |   By Business Insider

Arby's parent company, Inspire Brands, is acquiring burger chain Sonic.
On Tuesday, Inspire Brands announced that it is buying the burger brand for $2.3 billion, at $43.50 per share. The deal represents a premium of roughly 19% per share versus Sonic's closing stock price on Monday.
Sonic - known for its burgers, quirky menu items, and extensive beverage options - is the largest drive-in chain in the US, with more than 3,600 locations. The chain will continue to operate as an independent brand out of the chain's Oklahoma City headquarters.
Inspire Brands was formed in February 2018...
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