Dunkin’ to be acquired by Inspire Brands in US$11.3b deal

Inspire, which owns chains such as Arby’s and Buffalo Wild Wings, will take Dunkin’ Brands Group Inc private at US$106.50 a share, the companies said in a statement. (Photo by Bloomberg)

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(Oct 31): The owner of Dunkin’ and Baskin-Robbins agreed to be acquired by private equity-backed Inspire Brands Inc in a US$11.3 billion deal, one of the largest transactions ever in a restaurant industry that’s being upended by the pandemic.

Inspire, which owns chains such as Arby’s and Buffalo Wild Wings, will take Dunkin’ Brands Group Inc private at US$106.50 a share, the companies said in a statement. That represents a 20% premium over the closing price of Oct 23, before reports of the deal talks sent shares soaring. The price is 6.8% higher than Friday’s close.