Could a doughnut deal between two of the biggest players in the industry be in the works?
According to Bloomberg, rumors are swirling that JAB Holding Co., the owner of North Carolina-based Krispy Kreme Doughnuts, is looking to buy Dunkin’ Donuts.
In a statement to ABC11’s sister-station WPVI Thursday morning, Dunkin’ Brands Group Inc. said, “As a public company, it is our policy not to comment on rumors or speculation.”
The still unconfirmed talks sent the Massachusetts-based Dunkin’ stock to rise 8 percent on Monday.
According to Bloomberg, the transaction value would be approximately $8.2 billion.
Other investments of the Luxembourg-based JAB Holding Co. include Panera Bread, Keurig Green Mountain, Einstein Bros Bagels, and Peet’s Coffee.
For doughnut – or donut – enthusiasts, this is something to chew on.
Leave a Reply