Dunkin’ to Be Bought by Inspire Brands in $11.3 Billion Deal
- Purchase of donut chain among biggest in restaurant history
- Private equity-backed buyer owns Arby’s, Buffalo Wild Wings
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The owner of Dunkin’ and Baskin-Robbins agreed to be acquired by private equity-backed Inspire Brands Inc. in a $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 $106.50 a share, the companies said Friday 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.