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"Read 'Exclusive: McDonald's gets bids for China, HK stores sale in up to $3 billion deal - sources' on Yahoo Finance Canada . By Denny Thomas and Saeed Azhar HONG KONG/SINGAPORE (Reuters) - McDonald's Corp has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion, people familiar with the matter said. Buyout firms including Bain Capital, TPG Capital [TPG.UL] and Carlyle Group too are participating in the auction with a view to teaming up with Chinese strategic bidders, they said. Competitor Yum Brands is also restructuring its China operations by spinning it off ahead of a likely IPO next year.", ca.finance.yahoo.com
"McDonald's planned sale of about 2,800 restaurants across Northeast Asia has attracted a flood of offers. The fast food chain received more than six bids for their China and Hong Kong stores, including from Beijing Tourism Group, Sanpower and ChemChina, in about $3 billion worth deal, Reuters reported Tuesday, citing people familiar with the matter.", www.rttnews.com