Flynn Group, the world’s largest franchisee operator of restaurants and fitness clubs, is exploring a majority stake sale that could value it at more than $5B, including debt, Reuters’ Abigail Summerville reports, citing people familiar with the matter. Flynn Group, which operates Applebee’s (DIN), Taco Bell (YUM), Panera Bread, Arby’s, Pizza Hut, Wendy’s (WEN) and Planet Fitness (PLNT) franchises, is working with Bank of America (BAC) on a sale process, the sources said.
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