WHEN: TODAY, THURSDAY, APRIL 14TH
WHERE: CNBC'S "POWER LUNCH"
Following is the unofficial transcript of breaking news from CNBC's Kate Kelly. All references must be sourced to CNBC.
KATE KELLY: WELCOME BACK TO POWER LUNCH I AM KATE KELLY WITH SOME BREAKING NEWS DUNKIN BRANDS THE PARENT COMPANY OF DUNKIN DONUTS IS PLANNING TO IPO THE DUNKIN DONUTS UNIT SOMETIME THIS SUMMER I AM TOLD AND THEY HAVE SELECTED UNDERWRITERS AFTER A BAKE OFF PUNN INTENDED THAT OCCURRED WITHIN THE PAST WEEK THEY HAVE HIRED I'M TOLD JP MORGAN AND BARCLAYS TO LEAD THE DEAL THERE WILL BE SEVERAL OTHER BANKS INVOLVED THOUGH AND THE GOAL IS TO RAISE ABOUT 500 TO 700 MILLION DOLLARS OF COURSE DEPENDING ON THEIR SPECIFIC PLANS AND ON MARKET CONDITIONS SO SUE KEEP AN EYE OUT FOR A DUNKIN DONUTS IPO COMING TO YOU SOMETIME IN THE COMING MONTHS THEY HAVEN'T YET FILED THEIR S1 SO IT IS PROBABLY GOING TO BE AT LEAST TWO BUT I AM TOLD IT COULD BE EARLY THIS SUMMER.
SUE HERERA: TERRIFIC AND THEY HAVE A PRIVATE EQUITY CONSORTIUM WORKING WITH THEM ON THAT TOO RIGHT.
KELLY: THAT'S RIGHT THEY HAVE THREE SPONSORS THAT BOUGHT THEM IN 2006 FOR ABOUT 2.45 BILLION DOLLARS AND THAT WAS BAIN, CARLYLE AND THOMAS H LEE PARTNERS THAT WAS REALLY AT THE TOP OF THAT MARKET AND IT HAS BEEN QUITE A WHILE BEFORE THEY'VE BEEN ABLE TO COME UP WITH AN EXIT STRATEGY BUT IT LOOKS LIKE THEY ARE FORMULATING IT PRETTY QUICKLY AS WE STAND HERE.
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