>Hooters of America in buyout talks

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>Private equity firm Wellspring Capital Management is in talks to buy Hooters of America Inc., franchiser of more than 400 beer, boobs and wings establishments throughout the world.
Fortune has learned that the process began nearly a year ago, with North Point Advisors representing the Atlanta-based company. No info yet on financial terms, although the company is believed to generate around $1 billion in annual revenue.

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