BUZZ-Yum Brands gains on report of exclusive talks to sell Pizza Hut to LongRange Capital

Yum! Brands, Inc.

Yum! Brands, Inc.

YUM

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** Shares of KFC parent Yum Brands YUM.N rise 3.7% to $153.47 in after-market trading

** Co is in exclusive talks to sell its Pizza Hut chain to LongRange Capital, a source familiar with the matter said

** The source says that the two parties are advancing in discussions about a potential deal that could come together in several weeks

** There is no guarantee that a deal will be reached, source says

** Including session's moves, shares are down 2.2% YTD