Buffalo Wild Wings’ $2.9B Sale to Arby’s Threatened by Suit

By Jacob Rund

Buffalo Wild Wings Inc. is facing a would-be shareholder class action that could block the company’s $2.9 billion sale to Arby’s Restaurant Group Inc.

The complaint, filed Jan. 5 in the U.S. District Court for the District of Minnesota, alleges Buffalo Wild Wings and its nine-member board misrepresented the value of its go-private deal in a proxy statement issued to stockholders.

Buffalo Wild Wings shareholder Brian Pascual is asking the court to either stop the companies from proceeding with the merger, or award damages if the sale does become final. He also seeks to prevent next month’s ...