Inspire Brands

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.