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News about company buy outs and mergers

Roark Bid for Buffalo Wild Wings Too Low?

Buffalo Wild Wings restaurant

Roark Capital, which has an impressive portfolio of franchise brands, is said to have made an offer on Monday to buy franchisor Buffalo Wild Wings at $150 per share. That caused B-Dubs shares to soar by as much as 28 percent as of today (Tuesday). But is $150 a share too low? Marcato Capital Management, the activist investor company which holds shares in BWW and has been shaking up management, might think so.

Panera Bread To Acquire Au Bon Pain, CEO Shaich to Step Down

Au bon pain
photo by m01229 on Flickr

Panera Bread, a franchise chain of 2,050 bakery-cafes, announced today that it has agreed to acquire Au Bon Pain Holding Co. Inc. for an undisclosed amount.

Q & A: Denney on MBE Worldwide's Plans for Alphagraphics

Quick print shop franchisor Alphagraphics announced on October 4 that it had been bought out by Italy-based MBE Worldwide for $61 million. MBE Worldwide’s corporate development and strategy director Tim Denney spoke with Blue MauMau about his firm’s acquisitions of Postnet and Alphagraphics and what franchisees can expect.

NRD Capital to Buy Ruby Tuesday, Will Hang Its Name on Firm by Early 2018

Ruby Tuesday restaurantAfter reporting declining revenue and same-store sales for the quarter, Ruby Tuesday Inc. (NYSE:RT) announced on Monday that it has agreed to be acquired by NRD Capital, a private equity firm that is owned and led by franchisees and other experts who invest in franchising firms.

Regis Refranchises All Its Mall-Based Hair Salons

Regis SalonsMinneapolis-based hair-care franchisor Regis Corporation (NYSE: RGS) announced Monday that it has sold substantially all of its company-owned mall-based hair salons in North America.

Icahn Buys Franchisors AAMCO and Cottman

AAMCO TransmissionsIcahn Enterprises (NASDAQ: IEP) announced Monday that it has acquired American Driveline Systems (ADS) from private equity firm Transom Capital Group. ADS is the franchisor of troubled AAMCO and Cottman Transmission & Total Auto Care service centers.

Montreal’s Dagwoods Sandwiches and Salads Bought by MTY Food

Montreal-based MTY Food Group Inc. announced yesterday that it has finalized the acquisition of another Montreal-based firm, Dagwoods Sandwiches and Salads for C$3 million (US$2.4 million).

Dick's Wings & Grill Franchisees Become Company Shareholders

Dick's Wings, Jaguars StadiumDick’s Wings & Grill has a new incentive for franchisees: company ownership in the form of shares. All current franchisees were awarded shares of ARC Group Inc. (ARCK:OTCQB), Dick's Wings parent company, on the date the new program was implemented by the Jacksonville-based franchisor.

Sold! Bruegger’s Bagels to Caribou Coffee

Bruegger’s Bagels has signed an agreement to sell its brand to JAB Holding’s Caribou Coffee. Its parent company, Le Duff America, which owns Mimi’s Cafe and Broice Doree, announced today the sale of Bruegger's but it did not disclose the amount. The sale is expected to close by the end of September.

Ending of Wendy's Dispute with Franchisee Results in Net Loss for Quarter

Wendy’s recently ended its years-long altercation with DavCo Restaurants, a franchisee since 1976, by buying 140 of its units, terminating their relationship. The dispute stemmed from DavCo's refusal to remodel and adopt a new POS system, saying it couldn't afford to do the remodeling and that the POS system was inoperable.