Companies searching for saviors might drive M&A deal making

Companies searching for saviors might drive M&A deal making

CHICAGO —Restaurant industry merger-and-acquisition activity this year will be driven largely by financially distressed companies looking for buyers or sponsors as chain restaurants continue to face declining sales and increasing costs, according to new data from investment bank J.H. Chapman Group LLC.

Industry transactions in 2008 already had troubled tones, the company’s latest research showed, as 21 deal announcements

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