KFC climbs after accepting buyout offer

KFC Holdings (Malaysia) Bhd climbed 1.3 per cent to RM3.79, set for its highest close since Dec 15. The fast-food restaurant operator’s independent directors backed a buyout offer from CVC Capital Partners Ltd and Johor Corp, according to an exchange filing.

KFC’s fair value was raised to RM4 ringgit from RM3.97 at OSK Holdings Bhd, its brokerage said in a report. -- Bloomberg



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