Inspire Brands, a restaurant holding company, completed the acquisition of Dunkin' Brand, an American restaurant holding company which runs two chains of fast-food restaurants: Dunkin' and Baskin-Robbins, for $11.3bn, including debt. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of Inspire and Dunkin’ Brands, Inspire commenced a tender offer to acquire all outstanding shares of Dunkin’ Brands for $106.5 per share in cash. This represented a premium of approximately 30% to Dunkin’ Brands’ 30-day volume-weighted average price and a premium of approximately 20% per share to Dunkin’ Brands’ closing stock price on October 23, 2020. “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. By joining Inspire, these brands will add complimentary guest experiences and occasions to our current portfolio," Paul Brown, Inspire Brands Co-Founder and CEO.