The company will see $26 billion in systemwide sales. Friday 10:00AM - 11:00PM. Dunkin' and Baskin-Robbins will be sold to Arby's owner in $8.76 billion deal. By Mike Pomranz NEW YORK — Dunkin’ doughnuts and coffee is being combined with Buffalo Wild Wings and Arby’s sandwiches. The private equity firm will pay $ 106.50 in cash for all shares of Dunkin ‘Brands’, which closed at $ 99.71 on Friday. October 30, 2020. Inspire Brands is a multi-brand restaurant company whose current portfolio includes more than 11,000 Arby’s, Buffalo Wild Wings, SONIC Drive-In, Rusty Taco, and Jimmy John’s restaurants worldwide. Arby’s and Buffalo Wild Wings owner buying Dunkin’ Brands This May 7, 2020, file photo, shows a Dunkin' Donuts at the Greater Pittsburgh International Airport in Moon, Pa. Store Hours. All quotes delayed a minimum of 15 minutes. Dunkin’ Brands, owner of the coffee and donuts empire, is being bought by Inspire for a staggering $11.3 billion, both companies announced late Friday night. 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. “We are excited to bring meaningful value to shareholders who ... believe that Inspire Brands ... will continue to drive growth for our franchisees while remaining true to all that is unique and special about the Dunkin’ and Baskin-Robbins brands,” Dunkin’ Brands Chief Executive Officer Dave Hoffmann said. Arby’s owner buys Dunkin’ Brands for $11.3 billion . The donut chain's new owner also owns Buffalo Wild Wings and Sonic Drive-In. Arby’s Owner Bets on Fast Food With Dunkin’ Buy The $11.3 billion deal will put Dunkin' under the same roof as Inspire Brands' Arby's, Buffalo Wild Wings, Sonic Drive-In, and Jimmy John's chains. Inspire Brands Inc. said Friday that it is acquiring Dunkin… Dunkin' Brands to go private in $8.76 billion deal by Arby's owner. Pittsburgh, Pennsylvania 2020-10-30 23:51:00 – Dunkin ‘donuts and coffee are combined with Buffalo Wild Wings and Arby’s sandwiches. Inspire is majority-owned by affiliates of Roark Capital. 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 … For more information, visit InspireBrands.com. Dunkin’ Brands is selling itself for $11.3 billion to Inspire Brands, whose chains include Arby’s, Buffalo Wild Wings and Sonic Drive-In. Sunday 10:00AM - 11:00PM. Oct 26, 2020, 11:11 AM Dunkin' is in talks with Arby's parent company, Inspire Brands. Dunkin’ and Baskin-Robbins on Thursday posted a surprise rise in U.S. comparable sales in the third quarter. Wednesday 10:00AM - 11:00PM. Inspire Brands — owner of Arby’s and Buffalo Wild Wings —is paying $11.3 billion for coffee-and-donuts chain Dunkin’ Brands Group Inc. Inspire will acquire Dunkin’ Brands for $106.50 a share in a cash transaction valued at about $11.3 billion including the … NEW YORK -- Dunkin’ doughnuts and coffee is being combined with Buffalo Wild Wings and Arby's sandwiches. Dunkin’ Brands is being bought by Arby’s owner Inspire for $11.3 billion in a mega deal that has sent the stock soaring. The company was founded in 2018 and is headquartered in Atlanta, Georgia. Arby’s and Buffalo Wild Wings owner buying Dunkin’ Brands. Inspire will acquire Dunkin’ Brands for $106.50 per share in cash in a transaction valued at about $11.3 billion including the assumption of Dunkin’ Brands’ debt, the two sides said in a joint statement. By Joe Dwinell | … Karen Raskopf, chief communications officer for the Canton, Mass.-based owner of Dunkin’ and Baskin-Robbins said the … Why Arby's parent company is considering spending nearly $9 billion to buy Dunkin' and Baskin-Robbins October 26, 2020 Dunkin' is in talks to be acquired by Inspire Brands, the parent company of Arby's, Buffalo Wild Wings, and Sonic, in what could be an $8.8 billion deal. The Wall Street Journal first reported the confirmation of deal. Dunkin’ Brands stock jumped 16% recently after word broke about the impending deal. Inspire Brands — which owns Jimmy John’s, Arby’s, Sonic, and Buffalo Wild Wings, plus recently acquired Dunkin’ Donuts for $11.3 billion in November — on Thursday sent employees and franchisees a review of its government lobbying activity that highlighted its success in keeping the $15 minimum wage out of Democrats’ American Rescue Plan, the … Closed Now • Opening at 10AM. Sales at Dunkin’ and Baskin-Robbins have improved from their lockdown lows in recent weeks, boosted by strong demand for its curbside pickup, drive-thru and delivery options. Arby's Owner Inspire Brands to Buy Dunkin' Brands for $11.3 Billion The deal will create one of the largest U.S. restaurant operators. He added: “This team’s grit and determination has enabled us to deliver outsized performance and made our brands among the most elite in the quick service industry. Our Standards: The Thomson Reuters Trust Principles. Coffee, donuts, roast beef sandwiches, shakes, ice cream and more, basically. Dunkin' Brands Group Inc. of Canton, owners of the popular coffee and doughnut chain and Baskin-Robbins, is being sold for $11.3 billion to Inspire Brands Inc. of Sandy Springs, Georgia. And now, according to Chewboom, Dunkin’ may have a new owner soon since Arby’s owner. The New York Times reported Sunday that the deal with Dunkin’ Brands is valued at $8.8 billion, and could be announced as soon as today – Monday, October 26, 2020. During the global pandemic, we have stood tall. Through the Dunkin' acquisition, Inspire Brands will boost its portfolio to more than 31,600 restaurants and 600,000 employees. That does seem like a good marriage. Including debt, the deal is valued at about $11.3 billion, the companies said. Dunkin’ Brands, which is headquartered in Canton and was founded in Quincy in 1950, also owns the Baskin-Robbins ice cream chain, along with coffee shops on just about every major corner in Boston. Inspire Brands, which already owns Arby’s, Buffalo Wild Wings, Sonic and Jimmy John’s, could buy Dunkin' Brands for nearly $9 billion. Prior to the deal, Inspire owned 11,000 locations through its wide portfolio of companies that includes Arby's, Buffalo Wild Wings, SONIC, and Jimmy John's. Dunkin’ Brands operates 12,900 Dunkin’ restaurants and more than 8,000 Baskin-Robbins stores around the world. (Reuters) - Inspire Brands Inc will buy Dunkin' Brands Group Inc DNKN.O for … Barclays was the financial adviser to Inspire, while BofA Securities advised Dunkin’ Brands. GET BREAKING NEWS IN YOUR BROWSER. Tuesday 10:00AM - 11:00PM. “By joining Inspire, these brands will add complementary guest experiences and occasions to our current portfolio.”. In the northeast where I live, you can often find a Dunkin’ location just about every other block. Inspire Brands Inc. will buy Dunkin’ Brands Group Inc. for $8.8 billion, the companies said, setting up one of the largest restaurant deals in years as some in … (Reuters) - Inspire Brands Inc will buy Dunkin' Brands Group Inc. 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. Dunkin’ and Baskin-Robbins will operate as distinct brands within Inspire, the companies said. Inspire Brands, which was formed in 2018 by private equity firm Roark Capital as a holding company, has a portfolio of more than 11,000 restaurants. “They will strengthen Inspire through their scaled international platform and robust consumer packaged goods licensing infrastructure, as well as add more than 15 million loyalty members,” Paul Brown, chief executive officer of Inspire Brands, said. (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. This May 7, 2020, file photo, shows a Dunkin' Donuts at the … Inspire, owner of Arby’s and Buffalo Wild Wings, appears to be eating up the competition after also taking over SONIC Drive-In and Jimmy John’s restaurants. Reporting by Shubham Kalia and Nivedita Balu in Bengaluru; Editing by Daniel Wallis and Leslie Adler. CLICK HERE TO TURN ON NOTIFICATIONS. We’ve had each other’s backs and are now stronger than ever.”. I am particularly proud of our actions since March of this year. (Herald file photo.) Dunkin’ Sells to Owner of Arby’s, Sonic, and Buffalo Wild Wings The coffee chain and Baskin-Robbins are to be acquired by Inspire Brands for $11.3 billion. Dunkin’ has been a mainstay for coffee and donut lovers for what feels like my complete lifetime. Reports of sale talks sent Dunkin… Joe Dwinell is the Herald's Senior Editor. Monday 10:00AM - 11:00PM. Arby’s parent company Inspire Brands is in talks to buy Dunkin’ and Baskin Robbins, according to reports. The deal is expected to close by the end of 2020. No word yet if Arby’s will set up shop in Dunkin’ Donuts shops so customers can order a large regular, Munchkins and roast beef special to go. The Dunkin’ doughnuts and coffee chain confirmed it’s held talks to be taken private by a private equity firm, sending shares rocketing to an all-time high at the opening bell Monday. 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Comment email editors Print By Kate Gibson on 11/2/2020. 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. Dunkin’ Brands Group said it’s in preliminary discussions with Inspire Brands, which also owns Arby’s and Jimmy John’s Sandwiches. The Company That Owns Arby’s And Buffalo Wild Wings Just Bought Dunkin’ Brands For $11.3 Billion. “Dunkin’ and Baskin-Robbins are category leaders with more than 70 years of rich heritage, and together they are two of the most iconic restaurant brands in the world,” said Paul Brown, co-founder and chief executive officer of Inspire Brands. Thursday 10:00AM - 11:00PM. Saturday 10:00AM - 11:00PM. “Today’s announcement is a testament to our world-class group of franchisees, licensees, employees, and suppliers who have worked together to transform Dunkin’ and Baskin-Robbins into modern, relevant brands,” said Dave Hoffmann, chief executive officer of Dunkin’ Brands. Dunkin ‘Brands stock hit an all-time high earlier this week after the company confirmed … (Reuters) - Inspire Brands Inc will buy Dunkin' Brands Group Inc for $8.76 billion, the two companies said late on Friday, bringing chains like Arby's and Dunkin… If you have a news tip, email joed@bostonherald.com. Inspire Brands, parent company of Arby's and Sonic, to purchase Dunkin' Brands for $11.3 billion See here for a complete list of exchanges and delays. Dunkin’ Brands on Sunday acknowledged that it has held talks on a potential sale to Arby’s owner Inspire Brands.
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