Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
The president also said he "offered to personally vouch" for Rocky's bail. Sweden, however, does not have a bail system.Politicsread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Roark Capital has made an offer to buy Buffalo Wild Wings, a source familiar with the matter told CNBC.
Roark made an offer of more than $150 per share, the person told CNBC. Shares surged nearly 28 percent after The Wall Street Journal initially reported the offer.
The shares jumped 25.8 percent to $147.50 in premarket trading Tuesday.
The person who spoke to CNBC asked not to be named because the information is confidential. Buffalo Wild Wings and Roark did not immediately respond to requests for comment
A private equity buyout of the the chicken wing restaurant chain would come months after it lost a bitter proxy contest that led to the retirement announcement of its CEO and the addition of three new directors to its board.
Activist investor Marcato had pushed Buffalo Wild Wings to move away from its strategy of mostly owning its restaurants to a more capital-light franchised model. After the proxy fight concluded in June, CEO Sally Smith said she would retire by the end of the year. Marcato added three of its four nominees to the board, including Marcato manager Mick McGuire.
Buffalo Wild Wing's stock had dropped 34 percent over the last year from $163 a share to $108 a share, before surprising the street last month when it beat its third quarter earnings expectations. As of Monday's close, the stock was down more than 28 percent over the past 12 months.
For Roark, the acquisition would fit well within its restaurant heavy investment portfolio, including sandwich chain restaurant Arby's. Arby's earlier this year tried buy Popeyes Louisiana Kitchen.
The deal would also be notable for potentially marking the return of private equity buyouts of publicly traded restaurants. Such deals have slowed, as restaurants have largely traded too expensively for financial buyers. Recent challenges though, including increased competition and preference for dining at home, have lowered share prices.