Yum! Brands Sells Pizza Hut for $2.7 Billion
Yum! Brands has agreed to sell Pizza Hut in two transactions totaling $2.7 billion, with the Chinese operations going to Yum China Holdings and the rest acquired by LongRange Capital. The sale is expected to generate approximately $2.3 billion after taxes and expenses for Yum!, which also announced a $4 billion stock buyback.
