Inspire Brands will buy Dunkin' Brands Group 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 of all time. Fred Katayama reports.
On Monday, Dunkin' Brands surged 18%. The New York Times reported that Dunkin' Brands held preliminary talks to go private in a deal worth at least $8.8 billion. Dunkin' confirmed that it is in talks to go private. Inspire Brands would buy out Dunkin' for $106.50 per share. Business Insider reports that increase represents a potential upside of 20% from Friday's close. Inspire Brands is a private-equity backed firm that owns Arby's, Buffalo Wild Wings, Sonic Drive-In, and Jimmy John's.