(Reuters) - Restaurant chain Buffalo Wild Wings Inc <BWLD.O> has received a takeover bid valued at more than $2.3 billion from private equity firm Roark Capital Group, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Roark made an offer of more than $150 per share in recent weeks, the WSJ reported. (http://on.wsj.com/2jmdx8l)
The restaurant chain's shares rose 27.93 percent to $150 after the bell following the report.
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Roark Capital declined to comment, while Buffalo Wild Wings was not immediately available for comment.
In June, activist hedge fund Marcato Capital Management won a bitter proxy contest that put three of its directors on the chicken-wing restaurant's board following which the company's chief executive Sally Smith said she would retire by the end of the year.
Minneapolis-based Buffalo Wild Wings had a market value of $2.6 billion at the time.
(Reporting by Akankshita Mukhopadhyay in Bengaluru; Editing by Shounak Dasgupta and Savio D'Souza)