The restaurant company Inspire Brands signed a deal with the Dunkin group, controller of fast food chains Dunkin ‘Donuts and Baskin Robbins, for $ 11.3 billion.
According to a statement from Dunkin, the purchase was valued at $ 106.5 per share, more than $ 6 above the price the shares set on Friday at the close of Wall Street ($ 99.71), and includes the purchase of the company’s debt.
Today, Dunkin has more than 12,500 franchises Dunkin Donuts and another 8,000 by Baskin Robbins spread across 60 countries.
For its part, Inspire Brands It has more than 11,000 stores in the Arby’s, Buffalo Wild Wings, SONIC Drive-In and Jimmy John’s restaurant chains, with annual sales of $ 15 billion.
After the purchase, Dunkin ‘Donuts, which specializes in hot drinks, sweets and breakfasts, and the Baskin-Robbins ice cream shop will continue to operate under their names and separately from the rest of the Inspire Brands brands.
Paul Brown, co-founder and CEO of Inspire Brands, said that “Dunkin ‘and Baskin-Robbins are category leaders with more than 70 years of rich heritage and, together, are two of the most iconic restaurant brands in the world.”
“Upon joining Inspire, these brands will add complementary experiences and opportunities to our current portfolio,” he added.
The two franchises also have more than 15 million members in their loyalty programs, according to a statement released by Dunkin in which the directors of the two companies expect the purchase to be completed by the end of this year.