Yum Brands: Pizza Hut Sale Redirects the Focus to Moaty Brands; Shares Fairly Valued
On June 16, Yum unveiled deals to sell Pizza Hut's China brand to Yum China for $1.2 billion and the remainder to LongRange Capital for $1.5 billion, slated to close in the third quarter. Yum will collect $2.3 billion after taxes and fees, excluding a potential $75 million earn out in 2030.