BUZZ-Yum Brands up after deal to sell Pizza Hut for $2.7 billion

Yum! Brands, Inc.

Yum! Brands, Inc.

YUM

0.00

** Shares of fast-food chain Yum Brands YUM.N up 1% at $156.65 premarket

** Co to sell its Pizza Hut chain for $2.7 billion

** Says Pizza Hut in Mainland China will be acquired by Yum China 9987.HK for $1.2 billion, while the rest of the business will be acquired by private equity firm LongRange Capital for $1.5 billion

** Expects about $2.3 billion in net proceeds from the two transactions after taxes and other items

** Expects both transactions to close in the third quarter of 2026

** Including session's moves, stock down 24% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.