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Wagamama Sold For $347M

wagama-150.jpgBeloved noodle chain Wagamama was acquired by the London-based private equity firm Duke Street in a £215M ($347M) deal today. Said one of the partners: "Wagamama has the potential, with additional funding and operational expertise from Duke Street, to extend its category leadership in the UK and accelerate its plans for international expansion." Hopefully that means the planned 650 US locations are still on track. [WSJ]