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A chain of more than 450 Little Sheep restaurants scattered throughout China has agreed to a takeover offer made last April by Yum! Brands Inc. (NYSE: YUM). Yum, with more than 4,000 Pizza Hut and KFC stores in China, challenges McDonald’s Corp. (NYSE: MCD) more than evenly in the country.
Yum previously owned about 27% of the Little Sheep chain. The cost of the acquisition has not been released. Little Sheep stock will cease trading on the Hong Kong exchange on January 12th.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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