Dunkin’ Brands Group Inc. (DNKN) said late Friday it plans to sell 22 million shares in a secondary offering. Underwriters will have an option for 3.3 million additional shares to cover overallotments. Current shareholders, not the company, are set to get proceeds from the sale, which is expected to be completed in the second quarter.
The securities referenced above may not be sold and offers to buy may not be accepted prior to the time the registration statement relating to the offering of such securities becomes effective. This media release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
With approximately 16,800 points of distribution in nearly 60 countries worldwide, Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) is one of the world’s leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of 2011, Dunkin’ Brands’ nearly 100 percent franchised business model included more than 10,000 Dunkin’ Donuts restaurants and more than 6,500 Baskin-Robbins restaurants. For the full-year 2011, the company had system-wide sales of approximately $8.4 billion. Dunkin’ Brands Group, Inc. is headquartered in Canton, Mass. These data have been compiled by Market Watch News.