Markets

Stock Alert: Dunkin' Brands Rises As Acquisition Talks Are On

(RTTNews) - Dunkin' Brands Group, Inc. (DNKN), the parent company of Dunkin' and Baskin-Robbins, are rising more than 14% Monday morning after the company said discussion for its acquisition by Inspire Brands is on.

As per The New York Times reports, Inspire, the owner of restaurant brands, including Arby's, Buffalo Wild Wings and Sonic would buy Dunkin' Brands for $106.50 per share, a 20% premium over Friday's closing price.

" There is no certainty that any agreement will be reached. The Company will not comment further unless and until a transaction is agreed or discussions are terminated," Dunkin' Brands said on Sunday.

Dunkin' Brands stock touched a new high of $104.87 this morning.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More