ATLANTA & CANTON, Mass.--(BUSINESS WIRE)--Inspire Brands, Inc. and Dunkin’ Brands Group, Inc. (NASDAQ: DNKN), announced today that Parent and Vale Merger Sub, Inc. have waived the “Inside Date Condition” as described in the Offer to Purchase in connection with Parent’s previously-announced tender offer to acquire all of the outstanding shares of common stock of Dunkin’ Brands at a price of $106.50 per share in cash, effectuated by Purchaser, a wholly-owned indirect subsidiary of Parent. The tender offer is scheduled to expire at one minute following 11:59 p.m., Eastern Time, on Monday, December 14, 2020, unless further extended or earlier terminated in accordance with the terms of the merger agreement. All other terms and conditions of the tender offer remain unchanged.

The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of October 30, 2020 (the “Merger Agreement”), by and among Dunkin’ Brands, Parent and Purchaser. Pursuant to the Merger Agreement, following the consummation of the Offer and the satisfaction or waiver of all conditions, Purchaser will merge with and into Dunkin’ Brands and will cease to exist, with Dunkin’ Brands continuing as the surviving corporation. All outstanding shares of Dunkin’ Brands’ common stock, other than shares (i) irrevocably accepted for purchase by Purchaser in the offer, (ii) held in treasury by Dunkin’ Brands or owned by any direct or indirect wholly-owned subsidiary of Dunkin’ Brands, (iii) owned by Parent or Purchaser or any direct or indirect wholly-owned subsidiary of Parent or (iv) that are entitled to demand appraisal and for which appraisal rights have been properly demanded in accordance with the Delaware General Corporation Law, will be automatically cancelled and converted into the right to receive cash equal to the $106.50 offer price per share.

About Inspire Brands

Inspire Brands is a multi-brand restaurant company whose current portfolio includes more than 11,000 Arby’s, Buffalo Wild Wings, SONIC Drive-In, Rusty Taco, and Jimmy John’s restaurants worldwide. The company was founded in 2018 and is headquartered in Atlanta, Georgia. Inspire is majority-owned by affiliates of Roark Capital Group. For more information, visit InspireBrands.com.

About Dunkin' Brands Group, Inc.

With more than 20,000 points of distribution in more than 60 countries worldwide, Dunkin' Brands Group, Inc. (Nasdaq: DNKN) is one of the world's leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of the third quarter of fiscal year 2020, Dunkin' Brands' 100 percent franchised business model included over 12,500 Dunkin' restaurants and almost 8,000 Baskin-Robbins restaurants. Dunkin' Brands Group, Inc. is headquartered in Canton, Mass.