Bank of America (BAC -1.8%) agrees to sell its stake in the largest Pizza Hut franchisee to PE...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America (BAC -1.8%) agrees to sell its stake in the largest Pizza Hut franchisee to PE firm Olympus Partners in a deal worth ~$755M, WSJ reports. The deal reportedly would net BofA $375M-$400M, with the bank returning some two and a half times its original $160M investment.