Dunkin' Brands confirms talks of possible sale

KELLY MCCARTHY
·1 min read

The parent company of Dunkin' and Baskin-Robbins confirmed it's in talks to sell itself to a private equity-backed company.

Dunkin' Brands announced in a press release Sunday "that it has held preliminary discussions to be acquired by Inspire Brands."

PHOTO: A woman walks out of a Dunkin' Donuts in New York City. (Spencer Platt/Getty Images)
PHOTO: A woman walks out of a Dunkin' Donuts in New York City. (Spencer Platt/Getty Images)

The company explained that there's "no certainty that any agreement will be reached" and won't comment further "until a transaction is agreed or discussions are terminated."

Inspire Brands, which is backed by Roark Capital Group, holds an array of fast-casual restaurant chains in its portfolio including Arby's, Jimmy Johns, Sonic and Buffalo Wild Wings. A spokesman for Inspire Brands told ABC News he had no comment at this time.

PHOTO: A Dunkin' worker hands a coffee out of a drive-thru window wearing gloves and a mask as the Coronavirus continues to spread on March 17, 2020 in Norwell, Massachusetts. (Medianews Group/Digital First Media via Getty Images)
PHOTO: A Dunkin' worker hands a coffee out of a drive-thru window wearing gloves and a mask as the Coronavirus continues to spread on March 17, 2020 in Norwell, Massachusetts. (Medianews Group/Digital First Media via Getty Images)

The New York Times, which first reported the sale discussions, said the deal is valued at nearly $9 billion.

Dunkin' Brands stock was trading at $104.75 on Friday. The potential sale would represent a 20% premium in the company's current share price.

Even with setbacks at the start of the COVID-19 outbreak including closing hundreds of locations, Dunkin' Brands has been able to bolster its sales with drive-through and online ordering.

PHOTO: The Dunkin' Donuts logo on a shop in Mount Lebanon, Pa. (Gene J. Puskar/AP, FILE)
PHOTO: The Dunkin' Donuts logo on a shop in Mount Lebanon, Pa. (Gene J. Puskar/AP, FILE)

The company, which has 21,000 franchises, reported $1.4 billion in revenue last year and over $240 million in profit.

Dunkin' Brands confirms talks of possible sale originally appeared on goodmorningamerica.com