Long John Silver’s, A&W All-American Food and Arby’s were put up for sale last month, stoking speculation about potential buyers, the state of restaurant industry mergers and acquisitions, and the future of these chains. Louisville, Ky.-based Yum! Brands Inc. said it is looking to divest Long John Silver’s and A&W to focus on its core brands of Pizza Hut, Taco Bell and KFC, which, according to Yum, hold more potential for international expansion. Similarly, ...

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