SAP, KB Home fall; Dunkin’ Brands, AstraZeneca rise

NEW YORK — Stocks that moved heavily or traded substantially Monday:

Dunkin’ Brands, up $14.31 to $103.10

The owner of Dunkin’ Donuts and Baskin-Robbins is considering a sale to Inspire Brands.

Cenovus Energy, down 31 cents to $3.40

The energy company is buying Husky Energy in an all-stock deal.

AstraZeneca, up $1.07 to $53.07

The drug developer resumed testing of a potential COVID-19 vaccine after a halt last month.

SAP, down $34.66 to $115.02

The business software maker cut its financial forecast for the rest of the year because of a weak recovery in demand.

HCA Healthcare, down $1.16 to $135.43

The hospital operator’s third-quarter profits fell short of Wall Street forecasts.

Boeing, down $6.53 to $160.83

China will impose sanctions on U.S. military contractors, including the airplane maker’s defense unit, for supplying weapons to rival Taiwan.

KB Home, down $1.94 to $35.68

Homebuilders were weighed down by a disappointing

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Sales of new homes fell in September; Dunkin’ Brands says it’s held talks to go private |

New home sales slip in Sept.

CHARLOTTE — Sales of new homes fell by 3.5 percent in September to a seasonally-adjusted annual rate of 959,000 million units, the government said Monday, as the housing market’s summer buying season came to a close.

The U.S. Commerce Department said Monday that despite the modest decrease, sales of new homes are up 32.1 percent from a year earlier, as the housing market remains strong despite the pandemic.

The housing market, like most of the economy, came to a near standstill in March and in April, causing the typical spring summer buying season to be delayed until the summer. Once economies reopened, pent-up demand translated into sales of both new and existing homes, driving home prices in many places to record highs.

New home sales for August were revised downward to 994,000 from a previously reported 1.01 million units.

The median price of a

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Dunkin’ in talks for sale to owner of Arby’s, Buffalo Wild Wings, Sonic

The Dunkin’ doughnuts and coffee chain confirmed it’s held talks to be taken private by a private equity firm, sending shares rocketing to an all-time high at the opening bell Monday.

Dunkin’ Brands Group said it’s in preliminary discussions with Inspire Brands, which also owns Arby’s and Jimmy John’s Sandwiches. In a prepared statement Sunday, Dunkin’ said it was not yet certain a deal would be reached and would not comment further.

Inspire Brands said it had no comment Monday, but Dunkin’ shares jumped 16% to $104.87.

Dunkin’, based in Canton, Massachusetts, also owns the Baskin-Robbins ice cream chain. There are 13,000 Dunkin’ stores and 8,000 Baskin-Robbins outlets worldwide.

Both brands have significant history. Dunkin’ was founded in 1950 in Quincy, Massachusetts. Baskin-Robbins — known for its promise of 31 flavors — was founded in 1945 in Glendale, California.

But the global pandemic has hurt sales. Dunkin’ Brands revenue fell

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Dunkin’ Eyeing Potential Sale to the Owner of Arby’s and Jimmy John’s



a sign in front of a building


© Photo: George Sheldon/Shutterstock


Dunkin’ is in talks to sell itself to the Arby’s parent company

Dunkin’ Brands, the parent company of Dunkin’ (née Donuts) and Baskin Robbins, could soon be owned by Inspire Brands, the owner of Arby’s, Buffalo Wild Wings, Sonic, and Jimmy John’s. The two companies are reportedly in talks for Inspire to acquire Dunkin’ Brands for $106.50 a share, or $8.8 billion, the New York Times reports. This would take Dunkin’ Brands private and make it private-equity-owned again, after having fully sloughed off its previous private-equity owners in 2012.

Why would the bro-iest fast-food company want to buy the Massachusetts darling? After a brief drop in sales and the closure of 800 stores early on in the pandemic, Dunkin’ has rebounded, helped in part by its drive-thrus and online ordering. The chain also proved that it can get hip with Gen Z through its partnership with

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Dunkin’ Brands in talks for sale to private equity

Inspire Brands, the owner of Arby’s, Buffalo Wild Wings and Jimmy John’s, is in talks to buy Dunkin’ Brands, which owns the namesake coffee chain and Baskin Robbins. The deal could be announced as early as today, according to The New York Times.

Marketplace’s Kristin Schwab is following the potential deal. The following is an edited transcript of her conversation with “Marketplace Morning Report” host Andy Uhler.

Andy Uhler: Kristin, what are the details of this deal?

Kristin Schwab: Well, Dunkin’ has been doing pretty well during the pandemic. Its share price has more than doubled since March. And this deal would take Dunkin’ private at more than $106 a share, 20% higher than the company’s closing price on Friday.

Uhler: But if I remember right, Dunkin’ wasn’t doing so well at the beginning of the pandemic.

Schwab: Yeah, the company did see an initial 20% drop in sales and

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Dunkin’ Brands discuss potential sale to Inspire Brands

By Aishwarya Nair

(Reuters) – Dunkin’ Donuts and Baskin Robbins chains owner Dunkin’ Brands Group Inc <DNKN.O> has held preliminary discussions to be acquired by Inspire Brands, a private equity-backed restaurant company, Dunkin’ said in a statement on Sunday.

“There is no certainty that any agreement will be reached,” said Karen Raskopf, Chief Communications Officer of Dunkin’ Brands.

Dunkin’ declined to reveal further details.

The deal being discussed would take Dunkin’ Brands private at a price of $106.50 a share, said the New York Times which first reported the development.

Inspire Brands, the owner of Arby’s and Jimmy John’s, declined to comment when contacted by Reuters.

The announcement could be made public as soon as Monday, the New York Times said.

Inspire’s portfolio includes more than 11,000 Arby’s, Buffalo Wild Wings, SONIC Drive-In, Rusty Taco, and Jimmy John’s locations worldwide, according to the company’s website.

Inspire Brands was formed in

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Dunkin’ Brands Is in Talks for Sale to Company That Owns Arby’s, Buffalo Wild Wings

Dunkin’ Brands, the Massachusetts-based company that owns Dunkin’ and Baskin-Robbins, confirmed Sunday that it’s been in talks about a sale with a private company.



a close up of a building: This Aug. 17, 2020, file photo shows the corporate logo for Dunkin’ that replaced the former name of Dunkin’ Donuts above the entrance to a store in Jersey City, New Jersey.


© Getty Images

This Aug. 17, 2020, file photo shows the corporate logo for Dunkin’ that replaced the former name of Dunkin’ Donuts above the entrance to a store in Jersey City, New Jersey.


Dunkin’ confirmed the talks with Inspire Brands, though it insisted that they’re just preliminary, in a statement to NBC10 Boston following a report about the discussions in The New York Times. That report said the deal would be valued at $8.8 billion, though a Dunkin’ representative didn’t confirm that.

“Dunkin’ Brands confirms that it has held preliminary discussions to be acquired by Inspire Brands. There is no certainty that any agreement will be reached. Neither group will comment further unless and until a transaction is agreed,” Dunkin’ Brands Chief Communications Officer Karen

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Dunkin’ Brands Says It’s in Talks to Be Acquired by Inspire

(Bloomberg) — Dunkin’ Brands Group, Inc., the parent company of donuts chain Dunkin’ and Baskin-Robbins, said it’s in talks to be acquired by private equity-backed Inspire Brands.



a close up of a doughnut sitting next to a cup of coffee: A black coffee and chocolate frosted donut are arranged for a photograph inside a Dunkin' location in Mount Washington, Kentucky, U.S., on Thursday, Jan. 30, 2020. Dunkin' Brands Group Inc. is scheduled to release earnings figures on Feb. 6.


© Bloomberg
A black coffee and chocolate frosted donut are arranged for a photograph inside a Dunkin’ location in Mount Washington, Kentucky, U.S., on Thursday, Jan. 30, 2020. Dunkin’ Brands Group Inc. is scheduled to release earnings figures on Feb. 6.

The New York Times earlier reported the talks, saying that Inspire will take Dunkin’ private at $106.50 a share, citing two people with knowledge of the negotiations who weren’t identified. The price is a 20% premium over Friday’s closing price. The deal could be announced as soon as Monday, the newspaper added.

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“Dunkin’ Brands confirms that it has held preliminary discussions to be acquired by Inspire Brands,” Karen Raskopf, a Dunkin’ spokeswoman, said in a statement, declining to offer further

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