logo
Share SHARE
FONT-SIZE Plus   Neg

Dunkin' Brands Announces Upsizing And Pricing Of Secondary Offering

Dunkin' Brands Group, Inc. (DNKN) announced the pricing of an upsized public offering by certain of its stockholders of 26.4 million shares of its common stock at a price of $29.50 per share.

The company further stated that the underwriters have been granted a 30-day option to buy up to an additional 3.96 million shares from certain of the selling stockholders.

The selling stockholders will receive all of the net proceeds from this offering, Dunkin' Brands noted.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Ericsson reported Friday wider than expected third-quarter loss on higher charges and weak sales. However, adjusted gross margin improved and the company sees positive effects on gross margin in 2018. Ericsson further said the general market conditions continue to be tough, yet it is starting to see some encouraging improvements. Ericsson shares were gaining around 5 percent in Stockholm. Target Corp. said it now plans to remodel more of its existing supercenters and open smaller stores in cities, aiming to win back shoppers in the highly competitive retail world. By the end of 2020, the company plans to remodel more than 1,000 of its 1,800 existing stores. Senate Republicans appear poised to approve a budget resolution that will serve as the legislative vehicle for their tax reform plan. The non-binding budget resolution unlocks the reconciliation process, allowing Republicans to pass their tax reform plan with a simple 51-vote majority in the Senate.
comments powered by Disqus
Follow RTT