Dunkin' Brands Announces Waiver of IPO Lock-Up Restriction for Certain Officers and Directors

2011-11-14
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  • Dunkin' Donuts The waiver will take effect on November 16, 2011, and the shares may be sold on or after such date, subject to the terms of such waiver.


    Dunkin' Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' Donuts and Baskin-Robbins, announced today that J.P. Morgan Securities LLC, Barclays Capital Inc. and Morgan Stanley & Co. LLC, the lead book-running managers in the Company's recent initial public offering of 22,587,500 shares of its common stock, are waiving a lock-up restriction with respect to up to 732,758 shares of the Company's common stock held by certain officers and directors of the Company. The waiver will take effect on November 16, 2011, and the shares may be sold on or after such date, subject to the terms of such waiver.  

    With more than 16,500 points of distribution in 56 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 hardserve ice cream. At the end of 2010, Dunkin' Brands' nearly 100 percent franchised business model included 9,760 Dunkin' Donuts restaurants and 6,433 Baskin-Robbins restaurants, and the company had system-wide sales of approximately $7.7 billion. Dunkin' Brands Group, Inc. is headquartered in Canton, Mass. 


    Logos, product and company names mentioned are the property of their respective owners.

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