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STOCK MARKET WATCH -- Monday, 1 November 2020
STOCK MARKET WATCH, Monday, 2 November 2020
Previous SMW:
SMW for 30 October 2020
AT THE CLOSING BELL ON 30 October 2020
Dow Jones 26,501.60 -157.51 (0.59%)
S&P 500 3,269.96 -40.15 (1.21%)
Nasdaq 10,911.59 -274.00 (2.45%)
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Market Conditions During Trading Hours:
Google Finance
MarketWatch
Bloomberg
Stocktwits
(click on links for latest updates)
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Currencies:
Gold & Silver:
Petroleum:
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DU Economics Group Contributor Megathreads:
Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread
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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
Dunkin’ Brands Is Being Bought by Arby’s Owner in $11.3 Billion Deal
https://www.marketwatch.com/articles/dunkin-brands-is-being-bought-by-arbys-owner-in-11-6-billion-deal-51604157662
Coffee and doughnut chain Dunkin’ Brands agreed late Friday to be bought by restaurant consortium Inspire Brands for $106.50 a share, 6.8% higher than Friday’s closing price of $99.
News of the talks between the two broke on Oct. 25 and investors bid Dunkin’ (ticker: DNKN) shares up 16.1% the following Monday. The deal values Dunkin’ at about $11.3 billion, including the chain’s debt.
Inspire Brands is a familiar name to restaurant investors. The consortium, owned by the private-equity firm Roark Capital, includes Arby’s, Buffalo Wild Wings, and Sonic, among other brands.
...
Dunkin’ same-store sales in the U.S. grew 0.9% year over year in the recently reported third quarter, a little better than Wall Street had been expecting. That compares with an 18.7% same-store sales decline in the second quarter of 2020 and a 2% same-store sales decline in the first quarter of 2020, both hit by the pandemic. Same-store sales grew 1.5% year over year in the third quarter of 2019.
News of the talks between the two broke on Oct. 25 and investors bid Dunkin’ (ticker: DNKN) shares up 16.1% the following Monday. The deal values Dunkin’ at about $11.3 billion, including the chain’s debt.
Inspire Brands is a familiar name to restaurant investors. The consortium, owned by the private-equity firm Roark Capital, includes Arby’s, Buffalo Wild Wings, and Sonic, among other brands.
...
Dunkin’ same-store sales in the U.S. grew 0.9% year over year in the recently reported third quarter, a little better than Wall Street had been expecting. That compares with an 18.7% same-store sales decline in the second quarter of 2020 and a 2% same-store sales decline in the first quarter of 2020, both hit by the pandemic. Same-store sales grew 1.5% year over year in the third quarter of 2019.
not the biggest fan of their coffee nor their donuts.
Speaking of coffee....I still need to fix mine!
