Dunkin’ Brands prepares to sell itself, go private
NEW YORK, NY – JUNE 06: Chris Fuqua, Dunkin’ Brands Vice President, Brand Marketing (L) and Nigel Travis, Dunkin’ Brands Chairman and CEO, celebrate National Donut Day with leadership at NASDAQ. Today, June 6, Dunkin’ Donuts is serving guests a free donut of their choice (while supplies last) with the purchase of any beverage at participating Dunkin Donuts restaurants nationwide. (Photo by Slaven Vlasic/Getty Images for Dunkin’ Donuts)
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CANTON, Mass. (NewsNation Now) — The parent of the Dunkin’ Donuts and Baskin Robbins chains, Dunkin Brands Group Inc, is nearing a deal to sell itself to a private equity-backed restaurant company for $106 per share.
“Dunkin’ Brands confirms that it has held preliminary discussions to be acquired by Inspire Brands. There is no certainty that any agreement will be reached. Neither group will comment further unless and until a transaction is agreed,” the company told NewsNation.
Dunkin is set to sell itself to Inspire Brands, a multi-brand restaurant company, and the deal could be made public as soon as Monday.
