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Coffee Giant Hits Buy Zone On Takeover Buzz

From www.investors.com

Dunkin’ Brands (DNKN) is the IBD Stock of the Day after soaring into a buy zone amid claims that the coffee and doughnut shop could be a takeover target. Dunkin’ Brands stock rose 4.35% to 76.06, moving past a 73.59 buy point in heavy volume.

The Dunkin’ Donuts parent has long been seen as a potential acquisition objective for JAB Holding. Now an analyst has said Coca-Cola(KO) could potentially spark a tug-of-war for the company as it seeks to fortify its move into the java space.

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