Dunkin' Brands surges 18% after confirming report that it's in talks to go private for $8.8 billion
- Dunkin' Brands surged 18% on Monday after the coffee company confirmed a New York Times report that it held preliminary talks to go private in a deal worth at least $8.8 billion.
- Inspire Brands would buy out Dunkin' for $106.50 per share, representing 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.
- "There is no certainty that any agreement will be reached," Dunkin' said in a statement.
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Inspire Brands would acquire Dunkin' for $106.50 per share, according to the report, representing 20% potential upside from Friday's close.Dunkin' surged 18% in Monday trades to just below the $106.50 offer price.
The potential deal, according to The New York Times, could be announced as soon as Monday."There is no certainty that any agreement will be reached," Dunkin' said in a statement.
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