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Yum China Rejects Hillhouse Buyout Offer

By Dave Simpson

Yum China Holdings Inc, the operator of KFC, Pizza Hut and Taco Bell restaurants in the world's most populous country, has rejected a buyout offer of $46 per share from Hillhouse Capital, CNBC reported this week, citing Dow Jones.

The company's shares rose 7% to $38.32 in afternoon trading on Tuesday August 28.

Consortium Plan

Earlier this month, Reuters reported that Chinese investment firm Hillhouse Capital Group was planning to lead a consortium to buy Yum China.

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