Inspire Brands, which owns Arby’s, Buffalo Wild Wings and Sonic Drive-In, said its all-cash deal to take the owner of Dunkin’ Donuts and Baskin-Robbins chains private would value it at $106.50 a share. That represents a nearly 20% premium over Dunkin’s last closing share price on Oct. 23, before the New York Times first reported the deal talks.

“Dunkin’ and Baskin-Robbins are category leaders with more than 70 years of rich heritage, and together they are two of the most iconic restaurant brands in the world,” co-founder and CEO of Inspire Brands, Paul Brown, said in a statement. “By joining Inspire, these brands will add complementary guest experiences and occasions to our current portfolio.

Further, they will strengthen Inspire through their scaled international platform and robust consumer packaged goods licensing infrastructure, as well as add more than 15 million loyalty members. We are excited to welcome Dunkin’ and Baskin-Robbins’ employees, franchisees, and suppliers to the Inspire family.”

The coronavirus pandemic and its disruption of coffee drinkers’ usual routines has hurt Dunkin’s sales, sending same-store sales in the U.S. down 18.7% in the second quarter. But its drive-thru lanes are aiding its sales recovery, along with new drink offers and a partnership with TikTok star Charli D’Amelio. Rival Starbucks reported steeper U.S. same-store sales declines of 40% in its latest quarter.