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Yum! Brands in talks to sell Pizza Hut for $3.6–4.3B, aiming to cut debt and boost shareholder returns.

Market News
01 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Yum! Brands is negotiating an exclusive deal to sell its Pizza Hut chain to LongRange Capital, with the sale valued between $3.6 billion and $4.3 billion. The proceeds from this sale could reduce Yum!'s long-term net debt from about $9.3 billion to $5.3 billion, lowering its leverage ratio and enabling more financial flexibility for mergers, buybacks, and dividends. After the sale, Yum!'s pro forma EBITDA is expected to be around $2.8 billion, supporting a price target of $173 per share. The analyst upgraded Yum! to a 'Buy' rating, highlighting the benefits of deleveraging, potential capital returns, and strong performance from its KFC and Taco Bell brands, while noting risks if the sale price is lower than expected or if the deal falls through.

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