Yum! Brands sells Pizza Hut businesses for $2.7 billion and approves $4 billion buyback

Corporate Action Impact 4
โดย Insider Monkey·Read original
Summary · why it matters

Yum! Brands is selling its Pizza Hut businesses in two deals totaling $2.7 billion and has approved a $4 billion share buyback. The non-China Pizza Hut business will be sold to private equity firm LongRange Capital for roughly $1.5 billion, while the mainland China business goes to Yum China for $1.2 billion. The $4 billion buyback represents approximately 9% of the company's current market cap. Jim Cramer called the move brilliant, noting that KFC has been solid and Taco Bell terrific, but pizza has been a drag.

Impact on stocks 3

Consumer Discretionary · 2 stocks
Yum! Brands Inc
YUM
▲ PositiveCapitalrelevance

Yum! Brands sells Pizza Hut businesses for $2.7B and approves $4B buyback, returning capital to shareholders.

Yum China Holdings Inc
YUMC
▲ PositiveCapitalrelevance

Yum China acquires mainland China Pizza Hut business for $1.2B, expanding its portfolio.

Off-coverage companies 1

LongRange CapitalPrivate± Mixed
relevance