March 30 Dunkin' Brands Group Inc said
some stockholders will offer more shares than planned, priced at
$29.50 apiece, in a secondary offering worth nearly $780
Investors will now sell 26.4 million Dunkin' Brands shares,
compared with the offering of 22 million shares announced
earlier this month.
Underwriters have a 30-day option to buy up to an additional
3.96 million shares from the selling stockholders, Canton,
Massachusetts-based Dunkin' Brands said in a statement.
The selling stockholders will receive all of the net
proceeds from this offering and no shares are being sold by the
J.P. Morgan Securities LLC, Barclays Capital Inc, Morgan
Stanley & Co LLC, and BofA Merrill Lynch are lead underwriters
to the offering.
Earlier this month, the parent of Dunkin' Donuts cafes and
Baskin-Robbins ice cream shops reported higher-than-expected
quarterly earnings partly on strong U.S. results, but gave a
disappointing profit forecast.
Dunkin' Brands shares closed at $30.06 on Thursday on the