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Yum! Brands Divests Pizza Hut in $2.7 Billion Private Equity Transaction
Yum! Brands has executed a definitive agreement to divest the Pizza Hut brand in a bifurcated transaction valued at $2.7 billion. LongRange Capital, a middle-market private equity firm, will acquire the global operations, excluding mainland China, for $1.5 billion. Concurrently, Yum China Holdings will acquire the mainland China operations for $1.2 billion. Pizza Hut is […]