Sizzler postpones sale because of market conditions

CULVER CITY Calif. Plans to sell the Sizzler steak brand have been put on hold because of declining conditions in the financial markets, officials were scheduled to announce Monday.

Sydney, Australia-based Pacific Equity Partners, the brand's current owner, hired an investment banking firm Houlihan Lokey in February to find a buyer for Sizzler USA, the chain's domestic franchisor, as well as its international businesses. A deal was expected to close by this s

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