Shareholders to vote against Malaysia's KFC take-private bid
A $1.7 billion bid by CVC Capital Partners and the Malaysian state of Johor for the country's two main KFC fast food franchisees has met with opposition from investors.
According to Reuters, some shareholders have already said they plan to oppose the bid when it is put to a vote on November 5-6, complaining that the company has been badly undervalued. The original...
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