DNKN - Dunkin' Brands Might Be Going Private in $8.8 Billion Deal
Doughnut, coffee, and ice cream chain Dunkin' Brands Group (NASDAQ: DNKN) might be on the verge of going private because of an acquisition offer by Inspire Brands, according to a company press release Sunday. While Dunkin' provided almost no information on the specifics in its news release, The New York Times ' DealBook reports Inspire is offering $8.8 billion for the eatery company, an approximate 20% premium above Dunkin's Friday closing price.
The acquisition is clearly no light snack, and unsurprisingly, multiple analysts have already weighed in on the prospective transaction. Barron's reports Lauren Silberman at Credit Suisse says the buyout would be "the highest takeout multiple" in a decade. Mizuho Securities managing director Michael Dick said if the merger "comes to fruition, it would mark Inspire's largest, and one of the biggest deals in restaurant history."
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Dunkin' Brands Might Be Going Private in $8.8 Billion Deal