In a statement Baskin Robbins chains owner Dunkin’ Brands Group Inc said, it has held preliminary discussions with private equity-backed restaurant company Inspire Brands.

“There is no certainty that any agreement will be reached,” said Karen Raskopf, Chief Communications Officer of Dunkin’ Brands.

Dunkin’ declined to reveal further details.

The deal will see Dunkin’ Brands become a private company at a price of $106.50 a share.

When requested to comment on the matter at hand, Inspire Brands declined comment.

According to the company’s website, Inspire’s portfolio includes “more than 11,000 Arby’s, Buffalo Wild Wings, SONIC Drive-In, Rusty Taco, and Jimmy John’s locations worldwide”. Inspire Brands was formed in 2018 by as a holding company after Arby’s completed the acquisition of Buffalo Wild Wings.

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