Jun. 16 at 1:00 PM
$YUM has agreed to sell Pizza Hut for
$2.7 Billion
- Pizza Hut outside of China goes to LongRange Capital for
$1.5 billion
- Pizza Hut in China goes to Yum China
$YUMC
for
$1.2 billion
The board also approved a new
$4 billion share buyback authorization!
$YUM has broken past the 50DMA in the Pre Market - possible wedge breakout incoming?
WAIT for the 50DMA retest = PAYTIENCE!