Scott's, KFC owner settle dispute

Article Abstract:

Scott's Restaurants Inc. of Markham, Ontario, plans to sell its KFC chicken franchises to the public to raise at least C$160 million. The proposed sale would also settle litigation between the company and KFC owner Tricon Global Restaurants Inc. of Louisville, KY. The company and Tricon have signed a preliminary agreement which will call for them to contribute KFC restaurants to an income trust whose units will be sold to the public. All KFC stores which must be sold have to come up to Tricon's image standards, so Scott's may have to upgrade 37 to 40 stores of its 64 restaurants to meet the standards.

Comment:

Plans to sell its KFC chicken franchises to the public to raise at least C$160 million

Scott's Restaurants Inc.

---

Manchu Wok serves up a new image

Article Abstract:

Manchu Wok, a 190-fast food chain, has reorganized its operation to rebounce business under the management of new owner Laidlaw Inc. The chain has seen vast improvement and expansion in the last two years due its strong management, according to chain president and chief executive officer Brian Worts. Manchu Wok, which develops designs for its restaurants, also considers to introduce a format that resembles variety of Asian settings such as Thai, Chinese and Japanese. The proposal would likely require approximately 1,000 sq ft, Worts adds.

Comment:

Has reorganized its operation to rebounce business under the management of new owner Laidlaw Inc

Marketing procedures, Manchu Wok

---

Cara raises bid for Kelsey's by 18%

Article Abstract:

Cara Operations Ltd of Toronto, Canada, has increased its bid for Kelsey's International Inc, a restaurant operator, by 18% from C$2.55 per share to C$3 per share in an effort to win the support of the latter's independent directors. The new bid price is intended for all outstanding Kelsey's shares, excluding those shares held by Paul Jeffery, Kelsey's chairman, and Nils Kravis, its pres. Kelsey's runs 98 casual dining restaurants in Western and Central Canada.

Acquisitions & mergers, Kelsey's International Inc.

Similar abstracts:

• Abstracts: Confederation unit's creditors approve settlement. Royal Energy rides oil and gas wave. Income Financial Trust raises $90-million in IPO
• Abstracts: Archangel in ownership dispute. SouthernEra founder to step down as president, CEO. Voisey's Bay environmental plan approved
• Abstracts: Golden Eagle gold find raises red flags. Trilon withdraws royal oak loan

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.