Yum Brands is in exclusive talks to sell Pizza Hut to private equity firm LongRange Capital

LongRange beat out competing bidders including Sycamore Partners, with a potential deal that could come together in several weeks

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Yum Brands $YUM is in exclusive talks to sell its Pizza Hut chain to private equity firm LongRange Capital, according to Reuters.

A deal between the two companies could potentially close within a matter of weeks, though people familiar with the matter cautioned that nothing is certain. Sycamore Partners and other competing suitors were edged out after LongRange secured........

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