Inspire Brands Sonic

Sonic Corp. to be Acquired by Inspire Brands in $2.3 Billion Transaction

Oklahoma City and Atlanta – September 25, 2018 – Sonic Corp. (“Sonic”) (NASDAQ: SONC) and Inspire Brands, Inc. (“Inspire”) today announced that they have entered into a definitive merger agreement under which Inspire will acquire Sonic for $43.50 per share in cash in a transaction valued at approximately $2.3 billion including the assumption of Sonic’s net debt.