Inspire Brands will purchase Dunkin’ Brands, parent company of Dunkin’ and Baskin-Robbins, in a transaction valued at approximately $11.3 billion. Dunkin’ will join a restaurant portfolio of more than 11,000 locations, across brands including Arby’s, Buffalo Wild Wings, SONIC Drive-In and Jimmy John’s.
The deal will nearly triple Inspire’s footprint, with the addition of more than 12,500 Dunkin’ and almost 8,000 Baskin-Robbins restaurants around the world, along with more than 15 million loyalty members. Following the completion of the transaction, Dunkin’ and Baskin-Robbins will be operated as distinct brands within Inspire.
Under the terms of the deal, Inspire will acquire all outstanding shares of Dunkin’ Brands for $106.50 per share in cash — a premium of approximately 20% over Dunkin’ Brands’ closing stock price on October 23. The transaction is expected to close by the end of 2020.