CVC, state-owned fund make $1.65b bid for QSR in Malaysia
CVC Capital Partners and Johor Corp., the investment unit of the Malaysian state of Johor, have placed an RM5.24 billion ($1.65 billion) bid for QSR, the holder of fast food chains KFC, Pizza Hut and QSR Brands.
Johor Corp. announced that it and CVC would pay RM6.80 per QSR share and RM4 for every KFC share. The offer, coming at a 20% premium to QSR's average price in the three months up to December 13, is higher...
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