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VERITAS77

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VERITAS77

Re: VERITAS77 post# 26866

Tuesday, 02/08/2011 10:03:54 PM

Tuesday, February 08, 2011 10:03:54 PM

Post# of 364561
McDonald's franchisee planning $1 billion IPO: report


LONDON | Tue Feb 8, 2011 9:30pm EST

LONDON (Reuters) - The largest McDonald's franchisee globally is planning a U.S. listing that could raise as much as $1 billion, the Financial Times said on Wednesday.

Arcos Dorados might file for an initial public offering within days and could start trading in New York in April, the newspaper said, citing unnamed sources.

The company has appointed Bank of America (BAC.N), Morgan Stanley (MS.N) and JPMorgan (JUSRX.O) as underwriters on the offering, the newspaper said.

(Reporting by Karolina Tagaris; Editing by Gary Hill)

It is a puzzling thing. The truth knocks on the door and you say, "Go away, I'm looking for the truth," and so it goes away. Puzzling.

Stop by the ETERNITY board for a contrarian approach to all mattersof life

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