Tricon to Acquire A&W and Long John Silver's

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Dallas--Tricon Global Restaurants, franchisor of KFC,Pizza Hut and Taco Bell, inked an agreement to purchase A&W andLong John Silver's restaurants from Yorkshire GlobalRestaurants for $270 million in cash. Tricon will also assume $50million in debt. The deal grew out of a licensing deal Tricon madewith Yorkshire in 2000 to test co-branding the two companies'concepts in several locations. -New York Post

Tricon has also teamed up with Memphis-based Back Yard Burgersto add upscale burgers to the menus of 10 of Tricon's KFC,Pizza Hut and Taco Bell units. If all goes well, the agreementallows Tricon to co-brand as many as 500 more restaurants.-QSR

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