Dunkin' Brands Leaps 18%
Video Credit: Wochit - Duration: 00:39s - Published
Dunkin' Brands Leaps 18%
On Monday, Dunkin' Brands surged 18%.
The New York Times reported that Dunkin' Brands held preliminary talks to go private in a deal worth at least $8.8 billion.
Dunkin' confirmed that it is in talks to go private.
Inspire Brands would buy out Dunkin' for $106.50 per share.
Business Insider reports that increase represents a potential upside of 20% from Friday's close.
Inspire Brands is a private-equity backed firm that owns Arby's, Buffalo Wild Wings, Sonic Drive-In, and Jimmy John's.
"There is no certainty that any agreement will be reached." Dunkin' said in a statement.
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