Dunkin' Parent Company Nearing Deal To Go Private: Report

Providence RI

25 October, 2020

3:11 PM

Description

Dunkin' Brands, which owns Dunkin' and Baskin Robbins, is close to a deal that would sell itself to a private company that already has a huge roster of restaurant chains, The New York Times reported Sunday afternoon. Dunkin' Brands confirmed to Yahoo Finance that it has had preliminary discussions to be acquired by Inspire Brands. Inspire is one of the largest restaurant chain groups in the world, owning Arby's, Buffalo Wild Wings and Sonic, among others. The Times, citing two people with knowledge of the negotiations, said the deal would take Dunkin' Brands private at $106.50 a share — a 20 percent premium over the closing cost Friday. That would value the company at around $8.8 billion. The people The Times spoke to said the deal could still fall apart. The Times said Dunkin' Brands has bounced back from an initial hit from the pandemic, remaining successful as online and drive-thru ordering kept customers coming. Read the full Times story here