This Amendment No. 3 (this Amendment) to Schedule
14D-9 amends and supplements the Schedule 14D-9 previously filed by Dunkin Brands Group, Inc., a Delaware corporation (the Company), with the U.S.
Securities and Exchange Commission (the SEC) on November 16, 2020 (as amended or supplemented from time to time, the Schedule 14D-9), with respect to the tender offer made by Vale
Merger Sub, Inc., a Delaware corporation (Purchaser) and a wholly-owned subsidiary of Inspire Brands, Inc., a Delaware corporation (Parent), to purchase all of the Companys outstanding shares of common stock, par value
$.001 per share (the Shares), pursuant to the Agreement and Plan of Merger, dated as of October 30, 2020, among Parent, Purchaser, and the Company (as it may be amended from time to time, the Merger Agreement), at a
purchase price of $106.50 per Share, net to the holder in cash, without interest, subject to any withholding taxes required by applicable law (such consideration as it may be amended from time to time pursuant to the terms of the Merger Agreement,
the Offer Price), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated November 16, 2020 (together with any amendments or supplements thereto, the Offer to Purchase), and in the related
Letter of Transmittal (together with any amendments or supplements thereto, the Letter of Transmittal, which, together with the Offer to Purchase and other related materials, constitutes the Offer). The Offer is described in
a Tender Offer Statement on Schedule TO (as amended or supplemented from time to time, the Schedule TO) filed by Parent and Purchaser with the Securities and Exchange Commission (the SEC) on November 16, 2020. The Offer
to Purchase and the Letter of Transmittal have been filed as Exhibits (a)(1)(A) and (a)(1)(B) to the Schedule 14D-9, respectively, as each may be amended or supplemented from time to time.
Capitalized terms used in this Amendment but not defined herein shall have the respective meaning given to such terms in the Schedule 14D-9. The information set forth in the Schedule 14D-9 remains unchanged and is incorporated herein by reference, except that such information is hereby amended or supplemented to the extent specifically provided
herein.
Item 8.
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Additional Information.
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Item 8 of the Schedule 14D-9, as amended by Amendment No. 1, filed on November 18, 2020, and Amendment No. 2, filed on
November 19, 2020, is hereby amended and supplemented by inserting after the end of the subsection entitled Certain Litigation the disclosure set forth below:
On November 19, 2020, Norman Ivers, a purported shareholder of the Company, filed a lawsuit against the Company and members of the Company Board in
the United States District Court for the Southern District of New York, captioned Ivers v. Dunkin Brands Group, Inc., et al., Case No. 1:20-cv-09738 (the Ivers Complaint). The Ivers Complaint alleges that the Company and the
members of the Company Board violated Sections 14(d) and 14(e) of the Exchange Act, as well as Rule 14d-9, by failing to disclose certain allegedly material information in this Schedule 14D-9 in connection with the Transactions, which they allege rendered this Schedule 14D-9 false and misleading. The Ivers Complaint also alleges that members of the Company
Board acted as controlling persons of the Company within the meaning of Section 20(a) of the Exchange Act and allegedly influenced and controlled the dissemination of the allegedly defective Schedule 14D-9 in violation of Section 20(a) of the
Exchange Act. In addition, the Ivers Complaint alleges that the members of the Company Board each breached their fiduciary duty of candor/disclosure under state law. The Ivers Complaint seeks, among other things, an order enjoining consummation of
the Transactions, rescission of such Transactions if they have already been consummated and rescissory damages, an order directing the Company and Company Board to account to the plaintiff for all damages suffered as a result of the purported
wrongdoing, and an award of plaintiffs costs, including attorneys fees and experts fees and expenses.
If additional similar complaints
are filed, absent new or different allegations that are material, the Company will not necessarily announce such additional filings.
The foregoing
description does not purport to be complete and is qualified in its entirety by reference to the Ivers Complaint, a copy of which is attached as Exhibit (a)(5)(Q) to this Schedule 14D-9 and is hereby
incorporated herein by reference.