Dunkin’ Brands Announces Increase in Pricing for Secondary Offering

Parent company of Dunkin’ Donuts and Baskin-Robbins is re-pricing their secondary public offering this morning, tendering more shares than expected.Dunkin’ Brands will now offer 26.4 million shares of its common stock at a price of $29.50 per share. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 3.96 million shares from certain of the selling stockholders. This will make Dunkin’s secondary offering worth nearly $780 million.J.P. Morgan, Barclays, Morgan Stanley, and Bank of America/Merrill Lynch are lead underwriters to the offering.Dunkin’ Brands shares are currently down 0.7% to $29.88.