Dunkin' Brands prepares to sell itself, go private: NYT

(Reuters) - The parent of the Dunkin' Donuts and Baskin Robbins chains, Dunkin Brands Group Inc , is nearing a deal to sell itself to a private equity-backed restaurant company for $106 per share, the New York Times said on Sunday citing sources. Dunkin is preparing sell itself to Inspire Brands, a multi-brand restaurant company, and the deal could be made public as soon as Monday, the newspaper https://nyti.ms/3ooOtL9 reported, citing two people with knowledge of the negotiations.

Reuters October 26, 2020 00:06:07 IST
Dunkin' Brands prepares to sell itself, go private: NYT

Dunkin Brands prepares to sell itself go private NYT

(Reuters) - The parent of the Dunkin' Donuts and Baskin Robbins chains, Dunkin Brands Group Inc , is nearing a deal to sell itself to a private equity-backed restaurant company for $106 per share, the New York Times said on Sunday citing sources.

Dunkin is preparing sell itself to Inspire Brands, a multi-brand restaurant company, and the deal could be made public as soon as Monday, the newspaper https://nyti.ms/3ooOtL9 reported, citing two people with knowledge of the negotiations.

Dunkin' Brands did not immediately respond to a request for comment from Reuters.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Daniel Wallis)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

U.S. data suggest economic recovery may be weakening
Business

U.S. data suggest economic recovery may be weakening

By Howard Schneider WASHINGTON (Reuters) - The explosive surge in U.S. coronavirus cases this fall has left a question hanging: When will the economy take its own turn for the worse

Fed, ECB heads give COVID-19 vaccine cautious welcome
Business

Fed, ECB heads give COVID-19 vaccine cautious welcome

FRANKFURT/WASHINGTON (Reuters) - The heads of the Federal Reserve and the European Central Bank welcomed the encouraging results in trials of a vaccine candidate for the novel coronavirus but stressed that the economic outlook will remain uncertain. Fed chair Jay Powell and ECB President Christine Lagarde said the economy was still in for a tough time even if the development of a potential vaccine by U.S. drugmaker Pfizer and German partner BioNTech SE was reason for some optimism further ahead

India's October fuel demand marks first year-on-year gain in 8 months
Business

India's October fuel demand marks first year-on-year gain in 8 months

By Sumita Layek (Reuters) - India's fuel consumption in October registered its first year-on-year increase since February, as slowing coronavirus cases and increased mobility accelerated an economic recovery, data showed on Thursday.