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Yahoo BusinessOct 25, 2020
Dunkin' Brands Says It's in Talks to Be Acquired by Inspire
(Bloomberg) -- Dunkin' Brands Group, Inc., parent company of coffee-and-donuts chain Dunkin' and Baskin-Robbins, said it's in talks to be acquired by private equity-backed Inspire Brands.The New York Times reported the talks earlier, saying Inspire will take Dunkin' private at $106.50 a share, citing two people with knowledge of the negotiations who weren't identified. The deal -- valued at $8.8 billion -- could be announced as soon as Monday, the newspaper added. The price is a 20% premium over Friday's closing price, when the company had a market capitalization of $7.3 billion."Dunkin' Brands confirms that it has held preliminary discussions to be acquired by Inspire Brands," Karen Raskopf, a Dunkin' spokeswoman, said in a statement, declining to offer further details and cautioned that there's is no certainty an agreement will be reached.Shares of Dunkin' Brands have more than doubled since March on investor optimism that its mobile ordering app and loyalty program boosted sales during the pandemic. The Canton, Massachusetts-based company dropped the word "Donuts" from its name in 2018, signaling its broadened focus on beverages. The stock traded at 34 times earnings, lower than the median multiple of 37 for the industry, according to data compiled by Bloomberg News. The number of coffee shops in the U.S. is shrinking for the first time in nine years as sales plunge and Covid-19 forces the industry to rethink its business. While that's helped Dunkin' and other coffee-serving chains such as Starbucks Corp. and ev

Yahoo BusinessOct 24, 2020
Is Tesla Just A Series Of Startups? Elon Musk Lays Out The Case
Elon Musk would like investors to think of Tesla Inc. (NASDAQ: TSLA) as a series of startups.The electric automaker's CEO discussed this on the recent third-quarter earnings call, highlighting the individual units that make up Tesla.Musk On Tesla components: "There's probably in excess of a dozen startups effectively in Tesla," Musk said.He referred to every major Tesla product line as a startup and every new plant as a startup.Since other car companies don't own their own sales and service, Tesla's sales and service units could be startups, he said, adding: "The whole autonomy thing is a startup."Musk also termed the computer chip design and the Supercharger network as startups."We've maybe been a bit slow with some of the startups, but I don't think we've had any of them fail," Musk said.Musk On Car Insurance: Musk called insurance "substantial" and said it could be worth 30% to 40% of the car business for Tesla."It's going to cost less and be better," Musk said of potential auto insurance from Tesla.He mentioned having a better feedback group and said he believes "a lot of people" would select Tesla insurance.Related Link: Tesla Beats Q3 Earnings Estimates, On Pace For Profitable YearElon Musk On HVAC: Tesla announced improvements to the heat pump for vehicles, which led to Musk discussing the possibility of HVAC for homes."I think there's potential for an integrated home system that kind of does power generation storage, heating, cooling, air filtration, water purification in a really tight package."Tesla does
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