REUTERS: Inspire Brands Inc will buy Dunkin’ Brands Group Inc for US$8.76 billion, the two companies said late on Friday, bringing chains like Arby’s and Dunkin’ Donuts under the same umbrella in one of the largest restaurant deals. 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 US$106.50 a share. That represents a nearly 20per cent premium over Dunkin’s last closing share price on Oct. 23, before the New York Times first reported the deal talks. Including debt, the deal is valued at about US$11.3 billion, the companies said. Sales at Dunkin’ and Baskin-Robbins have improved from their lockdown lows in recent weeks, boosted by strong demand for its curbside pickup, drive-thru and delivery options.
*Please create a profile first to EARN & REDEEM points
Dunkin’ Brands to go private in US$8.76 billion deal by Arby’s owner
We are building a board of industry expert to help us verify important news stories. If you would like to empanel yourself, please click here.