Tuesday, January 18, 2011

Yum Brands (NYSE:YUM) Puts A&W, Long John Silver's Up For Sale

Yum Brands (NYSE:YUM) announced today it is putting two of its restaurant chains up for sale - A&W and Long John Silver's. Yum also operates Taco Bell, KFC and and Pizza Hut.

The reason putting the companies for sale are they no longer fit into the long-term plans of the company.

YUM said they're already searching for buyers.

The two franchises aren't a big part of the overall holdings of YUM Brands, as they account for only 1,630 of the over 37,000 restaurants operated by the company.

YUM said they want zero in on expanding operations at their major franchises KFC, Taco Bell and Pizza Hut, both in the global markets and domestically.

YUM was trading at $49.03, gaining $1.19, or 2.49 percent, as of 11:28 AM EST.

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