NPC also agreed to acquire one additional restaurant currently under development by Wendy’s, thereby increasing the number of restaurants to be acquired to 54.
As part of the agreement, NPC plans to ‘reimage’ certain acquired restaurants in Wendy’s new Image Activation format.
The units being sold by Wendy’s include 22 fee-owned locations, which will be leased from Wendy’s. This acquisition will be funded entirely with available cash on hand. The restaurants will be owned and operated by NPC’s wholly owned subsidiary NPC Quality Burgers Inc.
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