Global law firm White & Case LLP has advised Inspire Brands, Inc. (Inspire), a leading multi-brand restaurant company, on its entry into a definitive merger agreement to acquire drive-in restaurant chain Sonic Corp. (Sonic) in a transaction valued at approximately US$2.3 billion.
Sonic is America's largest drive-in restaurant chain, which serves more than three million customers at more than 3,600 drive-ins each day.
Inspire is a multi-brand restaurant company, which holds a portfolio including more than 4,700 Arby's, Buffalo, Wild Wings and Rusty Taco locations worldwide.
The White & Case team that advised on the transaction was led by M&A partners John Reiss, Chang-Do Gong and Frank Lupinacci (all New York). Other members of the team included partners J. William Dantzler, Henrik Patel, Joshua Berman, Eric Leicht, Daniel Nam, Jonathan Michels, Charles Pesant, Arlene Arin Hahn and Steven Lutt, counsel Victoria Rosamond and Gordon Mak, and associates Suni Sreepada, Arian Mossanenzadeh, Cecile Yang, Jia Ying, Katherine Draper, DeVoia Stewart, Anastasiya Lisovskaya, and Laura Mulry (all New York); partner Brenda Dieck and associate Charles Gyer (Los Angeles); partners Rebecca Farrington and Steven Chabinsky and associates Daniel Rosenthal, Choi Li and Eric Urschel (all Washington DC); and associate Gabrielle Hodgson (Silicon Valley).
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