Yum! Brands to Sell Pizza Hut for $2.7 Billion; Dave & Buster's Shares Drop
Yum! Brands announced the sale of its Pizza Hut chain for a total of $2.7 billion, with LongRange Capital acquiring the U.S.-based business and Yum China buying the Chinese operations. Meanwhile, Dave & Buster's shares fell after missing first-quarter sales estimates.
Tickers: $HOOD $PLAY $YUM $YUMC
Topics: Corporate Restructuring Private Equity Acquisition Stock Market Reaction