Dunkin’ Donuts Rebuffs Overtures: Dunkin’ Donuts Inc....

Dunkin’ Donuts Rebuffs Overtures: Dunkin’ Donuts Inc. said it will sell more than 1 million shares of stock to employees and cut its corporate work force 14% after a Toronto-based investment bank made hostile overtures for the doughnut giant. Dunkin’ Donuts said it would fight any takeover bid by Kingsbridge Capital Group, a subsidiary of Unicorp Canada Corp., which said it acquired a 6.6% stake and may seek control of the doughnut maker with more than 1,700 stores worldwide. “We don’t know who these people are,” said Richard N. Hart Jr., Dunkin’ Donuts vice president and treasurer. “Our intention, of course, has been to still be an independent company.”