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Article: NPC International, Inc. Announces Closing of Acquisition of 55 Units and Sale of 42 Units to Pizza Hut, Inc.
- Article from:
- Business Wire
- Article date:
- January 20, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OVERLAND PARK, Kan. -- NPC International, Inc. announced today that it has closed the transactions contemplated by the previously announced Asset Purchase and Sale Agreement (PSA) with Pizza Hut, Inc. and Pizza Hut of America, Inc. (collectively, PHI) pursuant to which PHI purchased from NPC 42 Pizza Hut units for $19.0 million in cash and NPC purchased from PHI 55 Pizza Hut units for $18.5 million in cash.
The units sold by PHI include 10 fee-owned locations, which NPC will lease from PHI. The units sold by NPC include one fee-owned location that will be leased to PHI.
The units sold pursuant to the PSA are expected to result in a material non-cash loss ...
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Article: NPC International, Inc. Announces Closing of ...
Business Wire;
September 30, 2008 ;
639 words
... ... in NPC Operated Pizza Hut Units OVERLAND PARK, Kan. -- NPC International, Inc. announced ... acquisition of 99 Pizza Hut units including ... credit facility. NPC International, Inc. is the world's largest Pizza Hut franchisee and ...
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