NEW YORK (AP) — Dunkin' doughnuts and coffee is being combined with Buffalo Wild Wings and Arby's sandwiches.
Inspire Brands Inc. said Friday that it is acquiring Dunkin' Brands Group Inc. for $11.3 billion, including the Dunkin' Brands' debt that Inspire will be taking on.
The private-equity firm will pay $106.50 in cash for all of Dunkin' Brands' shares, which closed Friday at $99.71.
Dunkin' Brands' stock surged to an all-time high earlier this week after the company confirmed the two were in merger talks.
Dunkin', based in Canton, Massachusetts, also owns the Baskin-Robbins ice cream chain.
"Dunkin' and Baskin-Robbins are category leaders with more than 70 years of rich heritage, and together they are two of the most iconic restaurant brands in the world," Paul Brown, Co-founder and Chief Executive Officer of Inspire Brands, said in the news release.
There are 12,500 Dunkin' stores and 8,000 Baskin-Robbins outlets worldwide.
Inspire will operate Dunkin' and Baskin-Robbins as distinct brands, the company stated.
According to the New York Times, this is the largest restaurant acquisition in more than a decade.