Yum! Brands' Sale of Pizza Hut Expected to Boost QSR Sector
Yum! Brands (NYSE: YUM) is in exclusive talks with LongRange Capital to sell its Pizza Hut division for between $3.6 billion and $4.3 billion, which will reduce the company's net long-term debt from $9.3 billion to approximately $5.3 billion. This move is expected to create a leaner business model and establish a valuation benchmark that could benefit Restaurant Brands International (NYSE: QSR).