NEW YORK In a rare case of a bankruptcy by a McDonald's franchisee, a seven-unit operator in Brooklyn will give up ownership of the restaurants and leave the system after federal court-supervised bids ranging from $600,000 to $1.6 million were received for his outlets, the Wall Street Journal reported Thursday. Franchisor McDonald's Corp. of Oak Brook, Ill., reportedly exercised its rights of first refusal on four of the locations and would at least temporarily own them, pending ...

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