Keeping an Eye Out
The Boston Chicken, Inc. bankruptcy, for example, was quiet for months as potential buyers, including Pepsico and Burger King, sized up the pickings and decided to pass. But when McDonald's stepped up in early December, offering $173.5 million for the corporation's 751 Boston Market restaurants, Chapman had material for another newsletter. His readers needed to know that the proposal, if accepted by the bankruptcy court, could get some parts of the chicken company flying again. The amount of money they can expect to recoup hinges on it.