Pizza Hut, largest franchisee to buy and sell stores

OVERLAND PARK Kan. Pizza Hut Inc. and its largest franchisee, NPC International Inc., have agreed to sell each other units in separate transactions that will see the franchisor buy 70 stores for $19.6 million and NPC purchase 191 units for $52.9 million. The sales and purchases will leave each party with contiguous and less scattered operations, the participants said.

If the deals close as planned by December, NPC would increase its holdings to about 1,099

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