Case Page

 

Case Status:    DISMISSED    
On or around 02/15/2018 (Other)

Filing Date: January 05, 2018

According to the Complaint, Buffalo Wild Wings is an established and growing owner, operator, and franchisor of restaurants featuring a variety of boldly-flavored, crave-able menu items. The Company’s restaurants include an extensive multi-media system, a full bar and an open layout, which appeals to both sports fans and families. Buffalo Wild Wings offers the option of watching sporting events on approximately sixty televisions, competing in Trivia or playing video games.

On November 28, 2017, Buffalo Wild Wings and Arby’s issued a joint press release announcing they had entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which Arby’s will acquire Buffalo Wild Wings. Under the terms of the Merger Agreement, Buffalo Wild Wings shareholders will have the right to receive $157.00 in cash per share for each share of Company common stock they own (the “Merger Consideration”). The Proposed Transaction is valued at approximately $2.9 billion.

On December 28, 2017, Buffalo Wild Wings filed a Definitive Proxy Statement (the “Proxy”) on Schedule 14A with the SEC. The Complaint alleges that the Proxy, which recommends that Buffalo Wild Wings shareholders vote in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) the financial analyses conducted by the Company’s financial advisor, Goldman Sachs & Co. LLC (“Goldman Sachs”); and (ii) past dealings or a historical relationship between Goldman Sachs and either Buffalo Wild Wings or Arby’s.

This case was voluntarily dismissed as moot on February 14, 2018.

COMPANY INFORMATION:

Sector: Services
Industry: Restaurants
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BWLD
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Minnesota
DOCKET #: 18-CV-00047
JUDGE: Hon. Susan Richard Nelson
DATE FILED: 01/05/2018
CLASS PERIOD START: 11/28/2017
CLASS PERIOD END: 01/05/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Hellmuth & Johnson, P.A.
    10400 Viking Dr. Suite 560, Hellmuth & Johnson, P.A., MN 55344
    952.941.4005 952.941.2337 ·
  2. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available