
Jollibee refuses to comment on potential $100-M Korean chicken acquisition
Jollibee [JFC 226.20 unch; 25% avgVol] [link] responded to a news report that it had been named the “preferred buyer” of Norang Tongdak, a popular KFC (Korean fried chicken) brand, in a deal that would see JFC and Elevation Equity Partners acquire 100% of …