GSO to buy 240 Burger King restaurants

Hedge fund manager GSO Capital Partners is slated to close on a deal today to buy more than 240 Burger King restaurants from Burger King s second-largest franchisee, Heartland Food Corp., according to The Miami Herald. The sale price is $155 million. Heartland Food Corp., launched to buy troubled Burger Kings and get them back on track, made its first major purchase in 2003 when it paid $16 million for 131 restaurants owned by AmeriKing, then going through bankruptcy liquidation.