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Arby's parent company is buying Sonic for $2.3 billionArby's parent company, Inspire Brands, is acquiring burger chain Sonic. Arby’s making moves 😅💰 nmeyersohn pfpicardi wow this really diminishes their brand Undervalued fast casual assets in play. Chanticleer Holdings, $BURG one to watch. Owns minority interest in Hooters. Also for sale.
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Burger chain Sonic to be acquired by Arby's parent company in $2.3 billion dealThe 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. Hopefully Arby's can fix it This is awkward but they could have bought BrandtsPalatine for half that.
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Franchise Fast-Food Industry Continues Consolidation As Sonic Drive-In Chain Is AcquiredThe recent acquisition of the Sonic franchise by Inspire Brands continues a consolidation trend in the franchise fast-food industry. As fast-food chains continue to battle for market share expect more mega deals in the months and years ahead. but will they offer the 'Frito Pie' 🤔
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