Arby's Owner Inspire Brands to Buy Dunkin' Brands for $11.3 Billion

Dunkin Brands (NASDAQ: DNKN) will take its Dunkin' Donuts and Baskin-Robbins ice cream chains private after agreeing to be acquired by Inspire Brands in an $11.3 billion deal.

The owner of Arby's, Buffalo Wild Wings, and Sonic will pay $106.50 per share in cash for Dunkin', a 20% premium to its closing price on Oct. 23, when it was first reported the companies were considering a merger.

Image source: Dunkin Brands.

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Source Fool.com