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Inspire Brands to buy Dunkin' Brands Group for $11.3 billion including debt
Dunkin' Brands has agreed to be acquired by Inspire Brands for $11.3 billion including debt.
www.cnbc.com
Inspire Brands, which owns Arby’s, Buffalo Wild Wings and Sonic Drive-In, said its all-cash deal to take the owner of Dunkin’ Donuts and Baskin-Robbins chains private would value it at $106.50 a share. That represents a nearly 20% premium over Dunkin’s last closing share price on Oct. 23, before the New York Times first reported the deal talks.
“Dunkin’ and Baskin-Robbins are category leaders with more than 70 years of rich heritage, and together they are two of the most iconic restaurant brands in the world,” co-founder and CEO of Inspire Brands, Paul Brown, said in a statement. “By joining Inspire, these brands will add complementary guest experiences and occasions to our current portfolio.