AFC to buy Cinnabon chain

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AFC Enterprises, Atlanta, said it agreed to acquire Cinnabon International, Seattle, operator of the 358-unit Cinnabon chain of cinnamon-roll bakeries for $65 million. The deal is expected to close next month. AFC is the parent of Churchs Chicken, Popeyes Chicken & Biscuits, Chesapeake Bagel Bakery & Cafe and Seattle Coffee Co., a coffee marketer and operater of 73 cafes.

Copyright August 1998, Crain Communications Inc.

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