BAC Bank of America Corporation

Bank of America Corp. (BAC) is in exclusive discussions to sell its stake in the biggest U.S. Pizza Hut franchisee, to two private-equity firms, for more than $800 million, Bloomberg said citing two people with knowledge of the talks.

The buyout firms are jointly bidding for NPC International Inc., which operates 1,140 Pizza Hut restaurants, according to Reuters.

BofA spokesman Jerry Dubrowski declined to comment, while NOC chief financial officer Troy Cook didn't return messages seeking comment, Reuters said.

Full story at http://www.bloomberg.com/news/2011-09-22/bank-of-america-said-to-seek-800-million-in-sale-of-pizza-hut-franchise.html

-Dow Jones Newswires; 212-416-2900