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Jollibee Scouting for a Company to Acquire

27 Jan

BY ANGPING & ASSOCIATES SECURITIES

Jollibee Foods Corporation (JFC) is scouting for a US-based fast food firm with a market value of at least $1.0 billion to acquire to boost revenues from outside its home base.

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Six potential candidates fit Jollibee’s target, with Jack in the Box and Krispy Kreme seemed the most likely to be acquired.

But, privately held chains of similar size can also be considered, including CKE Restaurants Inc., which operates and franchises the Carl’s Jr. and Hardee’s brands and was acquired by Roark Capital Group in 2013, as well as Whataburger or Culver’s.

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Posted by on January 27, 2015 in Corporate News, JFC, Stock Market

 

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