Reuters - Shareholders Back Deal for Malaysia’s KFCs

Shareholders in Malaysia's two main KFC fast food franchisees have overwhelmingly backed a $1.7 billion bid to take the business private, despite suggestions by some minority shareholders they would try to block the deal, Reuters wrote Tuesday. Shareholders in both QSR Brands Bhd and KFC Holdings (Malaysia) Bhd in meeting on Monday and Tuesday approved what is the largest such deal in Malaysia since the privatisation of pay-TV firm Astro All Asia Network Plc in 2010.

DealsNorth AmericaUSBriefs