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Goldman, Sachs & Co., Credit Suisse First Boston and Deutsche Banc Alex. Brown have acted as managing underwriters for the offering. The underwriters have the option to purchase up to an additional 1,406,250 shares from certain selling shareholders and the Company to cover over-allotments.
AFC Enterprises operates, develops and franchises quick service restaurants, bakeries and cafes primarily under the trade names Popeyes® Chicken & Biscuits, Church's Chicken(TM), Cinnabon®, Seattle's Best Coffee® and Torrefazione Italia®. As of December 31, 2000, AFC Enterprises operated and franchised 3,618 restaurants, bakeries and cafes in 46 states, the District of Columbia and 27 foreign countries. AFC Enterprises also sells premium specialty coffees through wholesale and retail distribution channels under its Seattle Coffee brands. AFC Enterprises system-wide sales in 2000 totaled approximately $2.4 billion.