Inspire Brands Inc. will buy Dunkin’ Brands Group Inc. for $11.3 billion including debt, the companies said, setting up one of the largest restaurant deals in years as some in the industry think beyond the coronavirus pandemic.

The deal is the second-largest acquisition of a North American restaurant chain in at least a decade, behind the $13.3 billion deal for Tim Hortons by Restaurant Brands International Inc. in 2014, according to investment data provider Dealogic. Inspire, the owner of Arby’s and other chains that is backed…

This post first appeared on wsj.com

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