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× Jollibee acquires Coffee Bean and Tea Leaf for $350M

MANILA, Philippines - Homegrown fast-food giant Jollibee Foods Corporation (JFC) has bagged its biggest multinational acquisition to date with a US$350-million deal to take over American specialty coffee and tea brand The Coffee Bean & Tea Leaf (CBTL).


The total consideration for this acquisition is $350 million on a debt-free basis but Jollibee's net investment is estimated at $100 million…

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