New York (CNN Business) Dunkin' is being acquired in an $11.3 billion deal. Inspire Brands, a holding company backed by the Roark Capital Group, a private equity firm, is purchasing Dunkin', which also owns Baskin-Robbins. Inspire, which will take on Dunkin's debt in the deal, plans to acquire outstanding Dunkin' shares at $106.50 apiece. Dunkin' and Baskin-Robbins will be "complementary" to Inspire's portfolio, said Inspire CEO Paul Brown in a statement announcing the deal late Friday. He noted that through the two brands, Inspire will have access to international customers and more than 15 million loyalty program members, among other things.

Source: The Nation October 31, 2020 02:03 UTC