LOUISVILLE Ky. Yum! Brands Inc. said Tuesday it would pay $63 million to purchase a 20-percent stake in Little Sheep Group Ltd., a China-based operator of 375 “hot pot” restaurants. The transaction, expected to close this summer, could extend Yum’s long-term growth prospects in China should the company pursue a controlling stake in Little Sheep, according to securities analyst David Tarantino at Robert W. Baird & Co. Already Yum garners 28 percent of its annual revenue from its ...
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Contact: Desiree Torres Desiree.Torres@penton.com