NPC wraps up mediation for Wendy's, Pizza Hut restaurants

Leawood, Kansas-based NPC International Inc. finalized the mediation process with San Francisco-based Flynn Restaurant Group and Dublin, Ohio-based Wendy's International LLC after filing for bankruptcy in July.

Under the new agreement, Wendy's plans to buy some of NPC's assets and allow Flynn to become a Wendy's franchisee. Wendy's previously objected to Flynn's $816 million stalking horse bid because it has competitors to the restaurant chain.

The new deal would give Flynn more than 925 of NPC's Pizza Hut shops, roughly half of its Wendy's restaurants and the majority of its shared service assets. The amended bid by Flynn is $552.6 million.

Read more from the Kansas City Business Journal.