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Article: Franchise Management International Moves Closer Toward Purchase of Kenny Rogers Roasters.
- Article from:
- Business Wire
- Article date:
- December 21, 1998
CopyrightCOPYRIGHT 1998 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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FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 21, 1998--Franchise Management International, Inc.(OTC BB: FMII), reported today that the Bankruptcy Court for the Middle District of North Carolina has approved the second amended joint disclosure statement for the Roasters Corp. and Roasters Franchise Corp. Chapter 11 bankruptcy, naming Franchise Management International Inc. (FMI) as the purchaser of Kenny Rogers Roasters. The disclosure statement and plan of reorganization will be submitted for vote to the various classes of creditors, franchisees, and shareholders, and will be mailed shortly.
FMI's proposal to purchase the franchise rights and intellectual property ...