Reuters - Investors Cry Foul Over Privatizing KFC Franchisees in Malaysia
A $1.7 billion bid for Malaysia's two main KFC fast food franchisees faces a growing chorus of opposition from investors challenging the terms of the offer that is nearly a year old and now looks to them badly undervalued, Reuters reported Friday. A showdown is looming on Nov. 5 and 6, when shareholders vote on the deal. Some investors contacted by Reuters said they planned to vote against the bid but it was not clear if they had enough firepower to do so. The bid for KFC Holdings (Malaysia) and QSR Brands Bhd was made last December by the investment arm of Malaysia's Johor state and CVC Capital Partners. The Employee Provident Fund joined the consortium in May.
2 November 2012•4 mins read
