Dunkin’ Brands Group, parent company of coffee-and-donuts chain Dunkin’ and Baskin-Robbins, said it’s in talks to be acquired by private equity-backed Inspire Brands.
The New York Times reported the talks earlier, saying Inspire will take Dunkin’ private at $106.50 a share, citing two people with knowledge of the negotiations who weren’t identified.
The deal — valued at $8.8 billion — could be announced soon, the newspaper added.
“Dunkin’ Brands confirms that it has held preliminary discussions to be acquired by Inspire Brands,” Karen Raskopf, a Dunkin’ spokeswoman, said in a statement, declining to offer further details and cautioned that there’s is no certainty an agreement will be reached.
Shares of Dunkin’ Brands have more than doubled since March on investor optimism that its mobile ordering app and loyalty program boosted sales during the pandemic.