YUMC
NYSE · Hotels, Restaurants & Leisure
Yum China Holdings Inc
$41.05
+0.09 (+0.22%)
YUMC News2 articles
Yum Brands Sells Pizza Hut in $2.7B Deal to Streamline Portfolio
Yum Brands is selling Pizza Hut in a $2.7 billion split deal to LongRange Capital and Yum China, as U.S. same-store sales decline for the tenth consecutive quarter.
Yum Brands Divests Pizza Hut in $2.7B Deal
Yum Brands sells Pizza Hut for $2.7 billion in two deals, expects $2.3 billion in net proceeds, and authorizes $4 billion in stock buybacks.