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Will McDonald's (MCD) Stock Gain on Potential Bids for North Asia Stores?

NEW YORK (TheStreet) -- McDonald's (MCD) has received from private equity-backed groups about purchasing stores in China and Hong Kong in a deal that could be worth between $2 billion and $3 billion, sources told Reuters.

Private equity firms Carlyle Group and TPG Capital have partnered with Chinese state conglomerate CITIC and Beijing Capital Agribusiness, respectively, to make offers for the outlets in an effort to meet McDonald's desire for long-term partners rather than private equity firms, Reuters reports.

McDonald's is selling about 2,800...


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