NEW WORLD BUY OF MANHATTAN BAGEL RINGS IN BIG WHEEL

NEW YORK -- New World Coffee & Bagel's acquisition of competitor Manhattan Bagel Co. has created the largest coffee/bagel franchiser in the country, with approximately 340 stores, according to officials.The deal, worth $15.3 million, came after a federal bankruptcy court judge in New Jersey approved New World's reorganization plan for Eatontown, N.J.-based Manhattan Bagel, which had filed for Chapter

NEW YORK -- New World Coffee & Bagel's acquisition of competitor Manhattan Bagel Co. has created the largest coffee/bagel franchiser in the country, with approximately 340 stores, according to officials.

The deal, worth $15.3 million, came after a federal bankruptcy court judge in New Jersey approved New World's reorganization plan for Eatontown, N.J.-based Manhattan Bagel, which had filed for Chapter 11 bankruptcy protection in November 1997. New World signed an agreement to acqu

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