Mexican restaurant operator Alsea said on Wednesday it expected to close a deal to purchase retailer Walmex's Vips restaurant chain shortly, once it has fulfilled conditions set out by the country's competition watchdog. Alsea, which runs Domino's Pizza, Starbucks and Burger King franchises in Mexico, agreed to purchase Walmex's 362 restaurants in September for 8.2 billion pesos ($626.96 million).On Wednesday, Alsea said it had received a resolution from the country's competition watchdog.The resolution made the deal conditional on Alsea providing information about exclusivity agreements with the malls in which it operates, and eliminating 54 exclusive clauses in contracts with malls."Alsea and Wal-Mex hope to meet the conditions and close the transaction shortly," the company said.
Domino?s Pizza, Inc. (Domino?s) is a pizza delivery company in the United States. Shares of DPZ fell by 0.47% or $-0.37/share to $79.11. In the past year, the shares have traded as low as $49.01 and as high as $79.93. On average, 579170 shares of DPZ exchange hands on a given day and today's volume is recorded at 349517.
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