Yum! Brands to sell Pizza Hut for $2.7B

Impact · against what's priced in

Yum! Brands creates immediate shareholder value through a $2.7 billion divestiture of Pizza Hut and a $4 billion buyback program. Yum China expands its domestic portfolio by acquiring the Pizza Hut China business for $1.2 billion.

YUM+0.70

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In context

The sale of Pizza Hut for $2.7 billion and the authorization of a $4 billion share repurchase program provide a significant capital return catalyst and strategic narrowing of focus to KFC and Taco Bell.

Read from the article alone

• m and a
• YUM
• YUMC
• china
• consumer discretionary
• divestiture
• fast food
• private equity
• restaurants

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