Halim Saad Ups Bid for Malaysia's QSR

Idaman Saga, a vehicle controlled by Malaysian businessman Halim Saad, has joined with KUB Malaysia and CVC Capital Partners Asia III to increase its bid for QSR, which is the majority owner of Kentucky Fried Chicken and Pizza Hut franchises in Malaysia, Reuters reported. The group increased its offer to match a bid by private equity firm The Carlyle Group. The Washington D.C.-based Carlyle Group previously bid $2.12 per share, or roughly $618 million, for QSR.

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