>Carlyle's $614 Million Takeover Bid of Malaysia Fast-Food Company Rejected

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Kulim (Malaysia) Bhd. rejected a 1.94 billion ringgit ($614 million) takeover bid from Carlyle Group and a matching rival offer for Southeast Asian fast-food chain operator QSR Brands Bhd., saying it has no desire to sell.

“As QSR and subsidiaries are currently experiencing robust growth, the board believes that more value can be realized in the long term and therefore the companies should be retained within the group,” Kulim, QSR’s biggest shareholder, said in a statement today.

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