Dunkin’ Brand Group Inc. announced Friday that some of its stockholders will increase the number of shares priced at $29.20 apiece, in a secondary offering worth nearly $780 million.
The owner of Dunkin’ Donuts said that investors will offer $26.4 million shares at priced 29.20 apiece, compared with $25.6 million shares at $19 apiece.
Its underwriters are lead by J.P. Morgan Securities LLC, Barclays Capital Inc, Morgan Stanley & Co LLC, and BofA Merrill Lynch, according to sources.
Underwriters also have the option to buy an additional about 4 million shares at the offering price in a 30 day option.
On Thursday, shares of Dunkin’ Brands closed at $30.06, according to reports.
Dunkin’ Donuts is an international doughnut and coffee retailer. The company has more than 10,000 locations in 32 countries worldwide, which include more than 6,700 Dunkin’ Donuts locations throughout the United States and more than 3000 international locations.
Last year, Dunkin’ Donuts earned the No. 1 ranking for customer loyalty in the coffee category by Brand Keys for the fifth year in a row.No tags for this post.