Dunkin’ Coffee? Cheap. Dunkin’ Deal? Priciest Ever.

The Canton, Massachusetts-based coffee chain is selling itself to Inspire Brands for $106.50 a share, a 26% premium to its 20-day trading average before talks between the two sides were made public. The deal values Dunkin’ at $11.3 billion including debt, which works out to almost nine times Dunkin’s trailing 12-month revenue and more than 23 times Ebitda. That makes it the most expensive acquisition that the restaurant industry has ever seen.

America’s Favorite Coffee Chain Just Added Oat Milk To Its Menu

In January, Dunkin’ teased all coffee lovers by testing a vegan oat milk latte—but only at its California stores. However, the brand did mention it would make oat milk available as a substitute for cow’s milk sometime in 2020, and that time has finally come!