Buffalo Wild Wings Sale Would Be a Win for This Outspoken Activist
Buffalo Wild Wings (BWLD) shares shot up 28% late Monday following a report suggesting that the wing and beer chain recently received a $2.3 billion takeover offer from private equity firm Roark Capital Group.
If a deal is consummated it would represent a big win for activist Marcato Capital Management's Mick McGuire, who succeeded in June at driving out the wing and beer chain's CEO, Sally Smith, and installing a minority slate of three of four dissident directors onto the company's board in a hotly contested proxy war that was almost a year in the making. McGuire got a seat for himself, a key part of the activist's victory.
To read the full analysis, visit TheStreet's sister publication The Deal here.
TheStreet Recommends
More of What's Trending on TheStreet:
- Shark Tank Star Kevin O'Leary Reveals How to Buy a Fraction of a Stock Share
- Elon Musk Will 'Blow Your Mind Clear Out of Your Skull' With Tesla Semi Truck
- How to Avoid the iPhone X's Most Annoying Features, Including That Ugly Notch
- Used Cars With More Than 100,000 Miles May Give You Sticker Shock
Editors' pick: Originally published Nov. 13.
