McDonald’s Agrees To Sell Boston Market Chain To Sun Capital
Macdonald’s is all set to sell its Boston market chain to private firm for an undisclosed price.
Walt Riker, McDonald’s representative stated, “While it would be inappropriate to discuss details of the purchase at this time, we will disclose more information once the transaction is completed.”
According to the reports that the McDonald’s board granted approval to unload Boston Market in July, a 630-restuarent chain with about $180 million in assets and $89.1 million in liabilities.
According to the Securities and Exchange Commission filing, the company is planning to complete the deal in the third quarter.