Why I'm Cheering Yum China's Rejection of a $17.6 Billion Offer [The Motley Fool]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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ir.yumchina.com
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Source: The Motley Fool
The Chinese investment firms' lowball isn't enough for a world-class restaurant operator. News broke earlier this year that Yum China ( NYSE:YUMC ) -- the country's sole licensee of KFC, Pizza Hut, and Taco Bell -- was in talks to be taken private. Share prices rallied on the rumor in July, and they are rallying again after The Wall Street Journal cited sources saying the restaurant chain rejected an offer of $46 share. Even though that would be a 43% premium to the last trading price before the original news broke, Yum China's decision to reject the bid is in the best interests of long-term shareholders. Restaurant chains under pressure Yum China, which was spun off from former parent Yum! Brands in late 2016, has done well during its short stint as an independent enterprise. The reasoning behind the separation went something like this: An independent company in China would be in a better position to adapt its menu to the unique Chinese consumer, in addition t
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YUMC
News
- Exploring Analyst Estimates for Yum China (YUMC) Q1 Earnings, Beyond Revenue and EPS [Yahoo! Finance]Yahoo! Finance
- China's Small Towns Boom as Megacities Lose Appeal With Brands [BNN Bloomberg (Canada)]BNN Bloomberg
- Yum China Holdings, Inc. (NYSE:YUMC) is favoured by institutional owners who hold 80% of the company [Yahoo! Finance]Yahoo! Finance
- Chris Blumas' Top Picks: April 18, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly DividendPR Newswire
YUMC
Earnings
- 2/6/24 - Beat
YUMC
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- YUMC's page on the SEC website