Yum Brands in Exclusive Talks to Sell Pizza Hut Chain
Yum Brands is in exclusive discussions to sell its Pizza Hut chain to LongRange Capital. The potential deal comes as the fast-food industry faces pressure from changing consumer habits and persistent inflation. Shares of the KFC parent company rose about 4% in extended trading following the report.
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YUM! BRANDS INC is in exclusive talks to sell its Pizza Hut chain to LongRange Capital. The deal could finalize in several weeks, though a source familiar with the matter said there is no guarantee an agreement will be reached. Yum Brands and LongRange Capital have not yet commented on the negotiations.
