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Wendy’s, Pizza Hut Franchisee NPC Looks to Sell Itself to Operator of Panera Stores

Wendy’s, Pizza Hut Franchisee NPC Looks to Sell Itself to Operator of Panera Stores

NPC International Inc., the nation’s largest franchisee of Wendy’s Co. and Pizza Hut restaurants, has a planned deal to sell itself out of bankruptcy

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NPC International Inc., the nation’s largest franchisee of Wendy’s Co. and Pizza Hut restaurants, has a planned deal to sell itself out of bankruptcy to the Flynn Restaurant Group LLC, according to people familiar with the matter.

Flynn Restaurant Group, the largest restaurant franchise operator in the U.S., is offering roughly $816 million to buy the more than 1,350 restaurants operated by NPC, one of those people said.

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This post first appeared on wsj.com

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