Davids Tea tipped as possible target for Dunkin Brands in 2016
Following a host of acquisitions in 2015, including JAB's marquee deal for Keurig, financial experts predict that Dunkin Brands may be ready to make a splurge in 2016. According to The Street, Davids Tea may be the preferred target due to a low share price, which is down about 50% from IPO highs. The acquisition would also give Dunkin access to the growing US premium tea market and allow to add popular teas to its menu, as well as to launch ready-to-drink and capsule offerings with current partners. Strategically, the deal would make Dunkin better positioned against Starbucks, which purchased Teavana for $620 million in 2012.