JFC to pursue $1-billion US acquisition

08 Jun

Jollibee Foods Corporation (JFC) will pursue the acquisition of a US-based quick service restaurant operator with a market value of at least $1 billion to boost expansion in North America, chairman Tony Tan Caktiong said.

Stock Picks, Target Prices and Buy/Hold/Sell Recommendations! (size 728x90)

“We are still looking at the quick service restaurant business generally. We are looking for a regional brand so we can expand it. We are looking at a growing chain,” he said.

No timetable was set for the fast-food chain’s first US acquisition.

Leave a comment

Posted by on June 8, 2015 in Corporate News, JFC, Stock Market


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: