DNKN
Dunkin' confirms talks to be taken private by Inspire Brands
- Dunkin' Brands Group (NASDAQ:DNKN) confirms that it has held
preliminary talks to be acquired by Inspire Brands after the *New York
Times* reported on the negotiations earlier.
- Inspire would take Dunkin' private at $106.5 per share, valuing the
company at $8.8B, the *Times* reported, adding that the deal could be
announced as soon as Monday.
- The price would be a 20% premium over DNKN's closing price of $88.79
on Friday.
- In a statement, Dunkin' said "there is no certainty that any agreement
will be reached."
- If successful, Inspire will add the Dunkin' coffee-and-donut and
Baskin Robbin ice cream chains to it Buffalo Wild Wings, Arby's Sonic,
and
Jimmy John's chains that it already owns.
- Inspire is majority-owned by affiliates of Roark Capital Group.
- In the past six months, DNKN shares have risen 46.76%:
|Today, 5:46 PM|2 Comments
Dunkin' confirms talks to be taken private by Inspire Brands
- Dunkin' Brands Group (NASDAQ:DNKN) confirms that it has held
preliminary talks to be acquired by Inspire Brands after the *New York
Times* reported on the negotiations earlier.
- Inspire would take Dunkin' private at $106.5 per share, valuing the
company at $8.8B, the *Times* reported, adding that the deal could be
announced as soon as Monday.
- The price would be a 20% premium over DNKN's closing price of $88.79
on Friday.
- In a statement, Dunkin' said "there is no certainty that any agreement
will be reached."
- If successful, Inspire will add the Dunkin' coffee-and-donut and
Baskin Robbin ice cream chains to it Buffalo Wild Wings, Arby's Sonic,
and
Jimmy John's chains that it already owns.
- Inspire is majority-owned by affiliates of Roark Capital Group.
- In the past six months, DNKN shares have risen 46.76%:
|Today, 5:46 PM|2 Comments
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