YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Arby's parent company to buy Sonic

Posted online

Inspire Brands, the owner of Arby's and Buffalo Wild Wings, announced plans to purchase drive-in chain Sonic.

The deal, valued at $2.3 billion, includes debt, Inspire Brands announced.

Sonic's stock rose by more than 18 percent on the news to an all-time high of $44.87 per share.

Read more from USA Today.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Open for Business: Planet Fitness

Planet Fitness franchisee PF Arkansas LLC opened its third Springfield club; Leggett & Platt completed a $1.3 billion acquisition; and New Covenant Academy started classes at its new Liberty Campus.

Most Read