March 9, 2017 / 3:32 PM / 4 months ago

BRIEF-NPC International to acquire 62 Wendy's units from Wendy's franchisee

1 Min Read

March 9 (Reuters) - NPC International Inc:

* Announces agreement to acquire 62 Wendy's units from Wendy's franchisee

* Also agreed to acquire six fee property locations from Valenti Mid-Atlantic Realty for $3.6 million

* To acquire 62 Wendy's restaurants for $52.6 million, plus amounts for working capital

* Acquisition is expected to be funded primarily with available cash on hand and borrowings on NPC's $110 million revolver Source text for Eikon: Further company coverage:

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