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Inspire Brands to acquire Dunkin brands for $8.76 billion
October 31, 2020
Inspire Brands Inc will buy Dunkin’ Brands Group Inc for $8.76 billion, the two corporations said on Friday, bringing chains like Arby’s and Dunkin’ Donuts below the equal umbrella is considered one of the most important restaurant offers.
Inspire Brands, which owns Arby’s, Buffalo Wild Wings, and Sonic Drive-In, said its all-cash deal to take the proprietor of Dunkin’ Donuts and Baskin-Robbins chains private might value it at $106.50 a proportion. That represents an almost 20% premium over Dunkin’s last final share price on Oct. 23, earlier than the New York Times first said the deal talks.
Including debt, the deal is worth about $11.3 billion, Inspire Brands stated.
Sales at Dunkin’ and Baskin-Robbins have improved from their lockdown lows in current weeks, boosted through robust demand for its curbside pickup, drive-through, and transport options.
Dunkin’ and Baskin-Robbins on Thursday posted a surprise rise in U.S. Comparable sales inside the 1/3 quarter.
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