Advertisement

USACafes sold its 36% stake in Shakey’s Pizza.

The company said it sold the stock to a privately held company that it did not identify. USACafes had said earlier that it planned to sell its Shakey’s stock--which it purchased for $2.5 million in January, 1984, for investment purposes--and that USACafes “would not incur a loss on the transaction.” USACafes said it retained the franchising rights to Shakey’s restaurants in Canada.


Advertisement