The acquisition of Dunkin’ Brands Group Inc. (DNKN) by Inspire Brands has been completed, ending the stock market listing of the franchisor of quick service restaurants serving hot and cold coffee and baked goods, as well as hard-serve ice cream.
Inspire Brands, Inc. and Dunkin’ Brands Group, Inc., parent company of Dunkin’ and Baskin-Robbins, announced on October 30, 2020 that they have entered into a definitive merger agreement under which Inspire will acquire Dunkin’ Brands for $106.50 per share in cash in a transaction valued at approximately $11.3 billion including the assumption of Dunkin’ Brands’ debt.
Dunkin' Brands had reinstated its quarterly dividend in the third quarter of 2020. In the previous quarter the ranchisor of quick service restaurants suspended its quarterly dividend because of the COVID-19 pandemic.
This February Dunkin' Brands raised its quarterly dividend by 7.3 percent to $0.4025 per share, marking 8 consecutive year of dividend increases. This record will no be lost because of the suspension earlier this year and of course the fact that the company is acquired and no longer has a stock market listing.
Dunkin' Brands Group, Inc. is a franchisor of quick service restaurants serving hot and cold coffee and baked goods, as well as hard-serve ice cream. The Company franchises restaurants in the United States and international under its Dunkin' Donuts and Baskin-Robbins brands. Dunkin' Brands Group, Inc., headquartered in Canton, Mass., became a public company in 2011. The company had paid a dividend every year to shareholders since 2012 before the suspension in 2020 related to the COVID-19 pandemic