A Singapore-based international holding company has agreed...
A Singapore-based international holding company has agreed to acquire both the overseas and domestic operations of America’s first franchised pizza company. Shakey’s Pizza Restaurants Inc. has sold 100% of the common stock of Shakey’s Inc., which operates the domestic system, to a newly formed U.S. company controlled by Inno-Pacific Holdings of Singapore. Controlling interest in Shakey’s International was acquired by Inno-Pacific last September. Terms were not disclosed.
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