IT'S A WHOPPER OF A DEAL; PENSION FUNDS IN LINE.(Burger King parent considering selling fast-food giant)(Brief Article)(Statistical Data Included)

Pensions & Investments, May, 2002 by Fulman, Ricki

Some big public pension funds may have an appetite for Burger King. Parent company Diageo PLC, London, is considering bids for its Miami-based fast-food giant from several private equity firms whose main investors are pension funds. Sources say Texas Pacific Group Inc., Fort Worth, Texas, in a partnership with the private equity unit of Goldman Sachs Group, New York, is a leading contender in the bidding war.

The asking price is reportedly $2 billion. TPG spokesman Owen Blicksilver would not comment on the firm's Burger King bid. If the TPG proposal is successful, the $151 billion California Public Employees' Retirement System, Sacramento, one of the firm's largest limited partners, could end up with a hefty slice of the dining chain. CalPERS in 2001...

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