BRIEF-Yum! Brands To Sell Pizza Hut For $2.7 Billion

Yum! Brands, Inc.

Yum! Brands, Inc.

YUM

0.00

June 16 (Reuters) - Yum! Brands Inc YUM.N:

  • YUM! BRANDS, INC. ENTERS INTO AGREEMENTS TO SELL PIZZA HUT FOR $2.7 BILLION

  • YUM BRANDS: APPROVES INCREMENTAL $4 BILLION SHARE REPURCHASE AUTHORIZATION

  • YUM BRANDS - TO SELL PIZZA HUT CHINA TO YUM CHINA FOR $1.2 BILLION

  • YUM BRANDS - TO SELL PIZZA HUT EX-CHINA TO LONGRANGE FOR $1.5 BILLION PLUS $75 MILLION EARN-OUT

  • YUM BRANDS - EXPECTS $2.3 BILLION NET PROCEEDS FROM TRANSACTIONS, EXCLUDING EARN-OUT

  • YUM BRANDS - YUM! HAS OPPORTUNITY TO RECEIVE AN EARN-OUT OF $75 MILLION BY 2030

  • YUM BRANDS - EXPECTS $85 MILLION ONE-TIME EXPENSES IN 2026 FOR SEPARATION

  • YUM BRANDS: EXPECTS TO INCUR ONE-TIME EXPENSES OF APPROXIMATELY $85 MILLION DURING REMAINDER OF 2026 TO EFFECTUATE SEPARATION

  • YUM BRANDS - PIZZA HUT EX-CHINA TO BE BOUGHT BY LONGRANGE CAPITAL; PIZZA HUT CHINA UNIT BY YUM CHINA

  • YUM BRANDS - YUM! WILL CONTINUE TO PROVIDE BYTE BY YUM!, ITS PROPRIETARY TECHNOLOGY PLATFORM, TO PIZZA HUT EX-CHINA

  • YUM BRANDS - EXPECTS TRANSACTIONS TO CLOSE IN Q3 2026

Further company coverage: YUM.N


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