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Dunkin’s brands will go private in the 76 8.76b deal with the RB owner

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Buy Inspire Brands Inc. Dunkin Brands Group The two companies said late on Friday for $ 8.76 billion, bringing RB and Dunkin ‘Donuts, one of the biggest restaurant deals, under the same umbrella.

Inspire brandsOwned by RBIS, Buffalo Wild Wings and Sonic Drive-in All payments The ownership of the Dunkin ‘Donuts and Baskin-Robbins networks will be valued at $ 106.50 per share. It represents a 20% premium over Dunk’s closing price on October 23, before the New York Times first reported contract negotiations.

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The deal is valued at $ 11.3 billion, including debt.

Sales at Dunkin ‘and Baskin-Robins improved from their locksdown in recent weeks, boosting strong demand for its curbside pickup, drive-through and delivery options.

Ticker Security The last Change Change%
DNKN Dunkin Brands Group 99.71 -1.39 -1.37%

Dunk and Baskin-Robbins saw surprising increases in sales in the third quarter, comparable to the US, on Thursday.

The companies said that Dunkin and Baskin-Robbins will operate under different brands within Inspire.

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“We are excited to give meaningful value to shareholders who believe that while maintaining all the unique and unique features of the Dankin and Baskin-Robins brands, they continue to inspire brands … to continue to grow for our franchisees.” Said Dave Hoffman, chief executive officer of Dunkin Brands.

Dunkin ‘Brands operates 12,900 Dunkin’ restaurants worldwide and more than 8,000 Baskin-Robins stores. The Inspire brand, formed in 2018 as a holding company by private equity firm Rork Capital, has a portfolio of more than 11,000 restaurants.

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“Through their scaled international platform and robust customer-packaged merchandising licensing infrastructure, they will strengthen their motivation and add more than 15 million loyalty members,” said Paul Brown, chief executive officer of Inspire Brands.

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Confirmation of the deal was first reported in the Wall Street Journal.

Barclays was Inspire’s financial adviser and advised Bofa Securities Dunkin’s brands.

(Bengaluru Shubham Kaliya and Nivedita Balu reporting; Daniel Wallis and Leslie Adler editing)

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