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Arby's parent company to buy Sonic

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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.

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