YUM! Brands agrees to sell Pizza Hut for $2.7 billion
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/23/2026
- Wall St falls as tech earnings spark AI spending worries; oil hits $100
- Google increases capex forecast again after cloud-driven quarterly beat
- As Musk pivots beyond cars, Tesla’s autos engine is under strain
- RTX stock jumps as company lifts guidance after Q2 beat
- Dollar hits new 40-year high versus yen, euro softer after ECB stands pat on rates
Yum! Brands, Inc. Enters into Agreements to Sell Pizza Hut for $2.7 Billion
June 16, 2026 8:00 AM EDTPizza Hut, excluding Mainland China, to be Acquired by LongRange Capital; Pizza Hut in Mainland China to be Acquired by Yum China Holdings, Inc. in Separate TransactionsÂ
Key highlights:
Positions Yum! Brands for Long-Term Growth and Shareholder Value Creation Completes Yum!s Previously Announced Strategic Review of Pizza Hut Yum! Brands and Yum China Partner on KFC System Sales Growth Incentives Board Approves Incremental $4 Billion Share Repurchase AuthorizationLOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc.... More
