Tag Archives: YUM China Spinoff

Corvex’s Meister Leaves Yum! Brands Board Of Directors

Yum! Brands (YUM) completed the spin off of its Chinese business, Yum China Holdings (YUMC), last fall. Although it’s only been a few months, ny now most people don’t remember that it took a very, very long time to get that point, including a lengthy will they or won’t they actually spin something off. Nudging the company along… Read More »

Index Change Roundup: Upcoming Spins To Have Little Effect On S&P 500

There are a number of spinoffs scheduled to be completed at the end of this month (October) or in early November and naturally, there are a few scheduled changes to the S&P indices as a result. Here is a summary of the changes which will occur over the next week or so: HCP Inc (HCP) is spinning off Quality… Read More »

Spinoff Odds & Ends: YUM! Brands, Activists

A few short hits to kick off a new week: Yum! Brands (YUM) decided to spin off its China business and shareholders have generally reacted pretty favorably. The WSJ walks through the potential value propositions of both companies, but one class of investors is decidedly less excited about the move: bondholders. Barron’s points out that the new parent… Read More »

Yum! Brands Finally Caves – Will Spin Off China Business

Sometimes there is just no stopping an idea full of momentum. After years of a spinoff idea being tossed around and pushed by all parts of Wall Street (sell side and buy side), Yum! Brands (YUM) has finally decided to pull the trigger and will spin off its China business into a standalone entity. While resistance appeared to… Read More »

Yum Shakes Things Up In China – Could A Spinoff Be Coming?

The endless speculation regarding YUM! Brands (YUM) China spinoff rages on despite management saying it’s not currently in the cards. The most recent fuel added to the fire was a sudden management shakeup in China. Long time company veteran and Chinese expansion mastermind Sam Su is retiring from his position as Yum China’s CEO after 26 years of… Read More »

The Yum! Brands Saga Continues – CEO Says No China Spin Coming

Yum! Brands (YUM) has been the subject of breakup talk for some time, with both sell-side analysts (and here) and big hedge funds calling for some type of split. The company has been struggling recently, especially in China, which usually tends to give the activists a bit more clout, but that doesn’t appear to be the case here. During… Read More »

JPM Upgrades YUM Brands: China Spinoff Now A ‘Probability’

The YUM Brands (YUM) spinoff story continues to develop and it feels like a spin is becoming more a matter of ‘when’ vs. ‘if’. Breakup speculation has been rife for quite some time, but the recent ‘catalyst’ of activist funds Corvex Capital and Third Point taking sizable stakes seems to have kicked the frenzy into a new gear. Apparently… Read More »

$YUM $YUM! Janney Analyst Thinks YUM Brands Should Set Taco Bell Free

Janney analyst Mark Kalikowsky is quite bullish on Taco Bell and recently raised his same store estimates for Taco Bell by four (4) percentage points. More interesting for us here is the fact that Mr. Kalikowsky also reiterated his thoughts that the chain should be spun off from its more globally focused parent, Yum Brands (YUM), which itself… Read More »