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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.860+9.4%3:48 PM EST

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To: richardred who wrote (5551)10/25/2020 8:48:40 PM
From: richardred1 Recommendation   of 6103
 
It looks like potential food deals these days will entail the drive through.

Dunkin’ Brands discuss potential sale to Inspire Brands.
October 25, 2020

By Aishwarya Nair

(Reuters) – Dunkin’ Donuts and Baskin Robbins chains owner Dunkin’ Brands Group Inc <DNKN.O> has held preliminary discussions to be acquired by Inspire Brands, a private equity-backed restaurant company, Dunkin’ said in a statement on Sunday.

“There is no certainty that any agreement will be reached,” said Karen Raskopf, Chief Communications Officer of Dunkin’ Brands.

Dunkin’ declined to reveal further details.
The deal being discussed would take Dunkin’ Brands private at a price of $106.50 a share, said the New York Times which first reported the development.

Inspire Brands, the owner of Arby’s and Jimmy John’s, declined to comment when contacted by Reuters.

The announcement could be made public as soon as Monday, the New York Times said.

oann.com

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