Idaman had initially bid 5.60 ringgit per share for QSR, the majority owner of the lucrative Kentucky Fried Chicken and Pizza Hut franchise in Malaysia.
Sunday, December 5, 2010
Idaman ups bid for Malaysia QSR to match Carlyle offer
Nov 29 (Reuters) - Malaysia's Idaman Saga, a vehicle controlled by tycoon Halim Saad, said on Monday that it had formed a venture with KUB Malaysia and CVC Capital Partners Asia III Limited to match a 6.70 Malaysian ringgit ($2.12) per share bid for QSR from Carlyle Asia.
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