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Yum China Rejects Hillhouse Buyout Offer

Published on Aug 30 2018 2:44 PM in Restaurant tagged: Yum China / Hillhouse Capital

Yum China Rejects Hillhouse Buyout Offer

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.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

 

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