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Fox Business has confirmed that Dunkin Brands, the parent company of Dunkin ‘and Baskin-Robbins Chains, “has held preliminary discussions to be acquired by Inspiration Brands.”
Karen Raskopf, chief communications officer for Dunkin ‘brands, noted that “there is no certainty of reaching an agreement” and that neither group would comment further until the deal was agreed.
A spokesman for Inspiration Brands declined to comment on rumors surrounding potential acquisition targets.
Duncan ‘, in the Twitter battle in the vendor’s Spice Things era
The potential deal, valued at about 8 8.8 billion, will privatize Duncan Brands at 6 6,106.50 per share, two people familiar with the negotiations told the New York Times, who had previously given the news. Sources told the Times that the deal could be announced as early as Monday.
The transaction includes Durbin ‘Brands to Inspire Brands’ with rest restaurant rentals including Arby, Buffalo Wild Wings, Sonic and Jimmy John. The motivation is backed by private equity firm Rork Capital.
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The company’s net profit in the second quarter reported $ .. 5 million dollars or 44,44 cents worth of shares after a potential deal, down ૨ %% from a year earlier. Dunkin said sales in the U.S. single-store have improved in the quarter after reopening some of the previous shutter locations, but revenue fell to 7 287.4 million.
The company said that this year the U.S. It plans to close its 800 stores permanently because of the coronavirus epidemic.
| Ticker | Security | The last | Change | Change% |
|---|---|---|---|---|
| DNKN | Dunkin Brands Group | 88.79 | -0.34 | -0.38% |
Dunkin Brands is due to announce its third-quarter earnings results on Thursday.
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