The deal will be one of the most important in the restaurant world over the past decade.
Inspire Brands Corporation, which operates restaurant chains Arby's, Rusty Taco, Buffalo Wild Wings and several others, acquires Dunkin' Brands Group, which owns such famous restaurant chains as Dunkin' coffee shops and ice cream parlors Baskin Robbins. The acquisition is valued at $11.3 billion, including debt, assuming a purchase price of $106.50 per share, with Dunkin' accounting for approximately $8.8 billion. The deal is expected to be completed by the end of 2020.
The agreement will be one of the most significant acquisitions in the North American restaurant business world and will also make Inspire Brands one of the largest players in the market. The deal would make Inspire Brands the second largest restaurant chain in the US, according to the company itself. McDonald's.
Negotiations between the companies about the purchase began even before the pandemic. According to Inspire CEO Paul Brown, the pandemic has complicated negotiations, in part because it has caused sales of breakfasts at Dunkin' restaurants to plummet due to reduced travel to work and school. However, the situation was partially improved, mainly due to the setting up of a more efficient system of self-delivery of orders. Wrapping up the third quarter, Dunkin' reported LFL growth on 1%, and said fourth quarter sales continued to rise.