The acquisition offer comes in the form of coffee, with the donut and ice cream chain wrestling with lower sales due to the Kovid-19 epidemic. The company, whose market value is $ 7.3 billion based on Friday’s closing price, said it would close about 800 US locations at the end of July, with lower sales volumes and most being unprofitable before the epidemic.
Dunkin ‘Brands Group Inc. said on Sunday that no agreement would be reached, and it would not comment until the two companies reached an agreement or ended the discussion. The New York Times first reported the talks on Sunday.
Dunkin ‘Brands’ shares rose 18.3% in prepaid trading.
The Canton, Mass.-based company has more than 21,000 points of distribution in more than 60 countries. The franchisor does not own or operate any store. In 2006, Bain Capital Partners LLC, Carlyle Group and Thomas H. The company went public in 2011 after being acquired by Lee Partners LP.