Dunkin' Brands spikes 4% amid takeover speculation
The move higher in shares of Dunkin' Brands is being attributed by traders to speculation of a takeover. Talk on social media has JAB Holdings interested in acquiring the coffee chain. JAB describes itself as a "privately held group focused on long term investments in companies with premium brands, attractive growth and strong margin dynamics." Shares of Dunkin' are up $2.13 to $55.70 in morning trading. The Fly, in fulfilling its mission of explaining stock movement, often comes across the many unconfirmed rumors being passed through trading desks and social media platforms. On the occasion that rumors or speculation appear on The Fly's news feed, it should be viewed not as giving credence to the conjecture, rather as simply highlighting its impact on the stock prices of the companies involved.