Looking to raise cash, Bank of America (BAC) is in talks to sell its share in NPC International...

Looking to raise cash, Bank of America (BAC) is in talks to sell its share in NPC International - the largest U.S. Pizza Hut franchisee. BofA inherited NPC when it took over Merrill Lynch in 2009. Sources say the sale price could be more than $800M, but an analyst calculates the value as between $630-$735M.

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Comments (4)
  • Oceanstats
    , contributor
    Comments (65) | Send Message
    But...but...Moyostooge said they didn't need capital and said it again yesterday....right.....
    22 Sep 2011, 04:43 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
    They should keep it. And serve Pizza at the company's next Bankster's Banquet, to save money.


    Bread and water is all they deserve, given the "Shareholder Value" those "Talented" people have created.
    22 Sep 2011, 05:02 PM Reply Like
  • Traderkid123
    , contributor
    Comments (16) | Send Message
    they need a blood transfusion
    22 Sep 2011, 05:16 PM Reply Like
  • MexCom
    , contributor
    Comments (3077) | Send Message
    This sounds like another transaction to show that the assets being carried on the balance sheet are at too low a value. The cash will probably be transferred to a reserve and written off the income statement as a loss. The capital gain will occur with no tax penalty.


    So they keep whipping the bad boy BAC to death as its pot of gold keeps increasing.
    23 Sep 2011, 06:13 AM Reply Like
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