Yum! Brands Sells Pizza Hut for $2.7 Billion, Boosting YUM Stock
Yum! Brands announced the sale of its Pizza Hut division for $2.7 billion in two separate transactions, leading to a significant rise in YUM stock. The move follows years of underperformance by Pizza Hut compared to other brands like Taco Bell.
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Topics: Pizza Hut stock price movement strategic divestment Yum! Brands