NPC Swaps Pizza Huts

Merrill Lynch Global Private Equity-backed NPC International has entered into an agreement with Pizza Hut to acquire 55 Pizza Hut restaurants. As part of the deal, NPC will sell Pizza Hut 42 restaurants for $19 million and will acquire 55 other locations for $18.5 million from Pizza Hut. The 55 restaurants being acquired by NPC had a combined net product sales of $36 million for its 2008 fiscal year ending in September.