Dunkin’ Brands to go private in $8.76 billion deal by Arby’s owner
November 2, 2020 | Shubham Kalia, Nivedita Balu | Reuters
Inspire Brands Inc will buy Dunkin’ Brands Group Inc DNKN.O for $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 $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.
Including debt, the deal is valued at about $11.3 billion, the companies said.
