“Dunkin’ stock soars after chain confirms sale talks with Inspire Brands”
October 26, 2020
“Shares of Dunkin’ surged 15% Monday after the company confirmed sale talks with Inspire Brands, the privately held owner of Arby’s and Jimmy John’s.
The New York Times, which broke the news of the discussions, reported that the deal is valued at $8.8 billion, or $106.50 per share. The price represents a 20% premium over Dunkin’s closing price on Friday. Shares are currently trading $102.55, giving the company a market value of $8.4 billion. The stock has risen 38% this year…”