Consumer Law
Wendy’s and Flynn Restaurant Group Clear the Way for NPC’s Bankruptcy Sale
Wendy’s and Flynn Restaurant Group have reached a deal that clears the way for Flynn to purchase half the 393 Wendy’s locations operated by bankrupt NPC International, according to federal securities filings and court documents filed Thursday.
Five other operators that were part of a group Wendy’s put together to buy the restaurants will acquire the remaining locations.
The deal, which is awaiting bankruptcy court approval, paves the way for an $801 million sale of the NPC restaurants out of bankruptcy, including 925 Pizza Hut locations that will all go to Flynn Restaurant Group or FRG.
