Yum! Brands in Exclusive Talks to Sell Pizza Hut to LongRange Capital
Yum! Brands is in exclusive discussions to sell its Pizza Hut business to LongRange Capital, Bloomberg's Michelle F. Davis reports, citing people familiar with the matter. LongRange entered exclusivity with Yum recently, beating out suitors including Sycamore Partners, the author notes. The two sides are advancing in talks about a possible deal that could materialize in several weeks, the author says.
