S&P Places Yum! Brands (YUM) on CreditWatch Negative Following Separation Plans
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Yum! Brands Announces Intention to Separate into Two Publicly Traded Companies
October 20, 2015 7:00 AM EDTChina Division to Become Independent Company Focused on Growth in Mainland China
Yum! Brands to Become Global Pure Play Franchisor with Three Iconic Brands
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) today announced that it intends to separate into two independent, publicly-traded companies, each with compelling and distinct strategies and investment characteristics. The transaction will create two powerful, best-in-class companies, each with a separate strategic focus:
Yum! China, a market leader with decades of... More