Dunkin ‘Brands discusses possible sale to Inspire Brands
By Aishwarya Nair
(Reuters) – Dunkin ‘Donuts and Baskin Robbins owner Dunkin’ Brands Group Inc (DNKN.O) has had preliminary discussions to acquire it by Inspire Brands, a privately funded restaurant company, Dunkin ‘said in a statement Sunday.
“There is no certainty that a deal will be made,” said Karen Raskopf, communications director of Dunkin ‘Brands.
Dunkin ‘declined to disclose further details.
The deal under discussion would starve Dunkin ‘Brands at a price of $ 106.50 per share, the New York Times said, which first reported on the development.
Inspire Brands, owner of Arby’s and Jimmy John’s, declined to comment when contacted by Reuters.
The announcement could be made public as early as Monday, according to the New York Times.
Inspire’s portfolio includes more than 11,000 Arby’s, Buffalo Wild Wings, SONIC Drive-In, Rusty Taco and Jimmy John’s stores around the world, according to the company’s website.
Inspire Brands was formed in 2018 by private equity firm Roark Capital as a holding company following the completion of Arby’s acquisition of Buffalo Wild Wings.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Daniel Wallis and Diane Craft)