Why Dunkin' Stock Soared 16% Today

Shares of Dunkin' Brands Group (NASDAQ: DNKN) soared 18% at the market open today, and remain up 16% at 10:30 a.m. EDT, after it acknowledged it is in talks to be acquired and go private. Other than announcing that it is in preliminary discussions, the company said it would not comment any further unless or until an agreement is reached or talks are ended.

The New York Times reported this weekend that Inspire Brands, the privately held owner of Arby's and Jimmy John's, may acquire Dunkin'.

Source Fool.com