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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.

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“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.

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

 

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