Just Months After Taking Over, Marcato Throws in the Towel on Buffalo Wild Wings
If the Buffalo Wild Wings (NASDAQ: BWLD) acquisition closes, activist shareholder Marcato Capital will reap an approximately 10% return on its investment in the the restaurant chain.
Why would Marcato endorse the company's sale to Roark Capital and Arby's, and accept such a meager return for its efforts? In the following episode of Industry Focus: Consumer Goods, the team discusses the primary reason Marcato is happy to rake in its chips and move on.
A full transcript follows the video.
Source: Fool.com