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Yum! Brands' restructuring may need to go further

Oct 20, 2015 - The Deal Pipeline
Board and Executive Moves

Yum! Brands Inc. (YUM) announcement on Tuesday that it will spin off its China operations into a separate publicly listed debt-free franchisee to be named Yum! China is likely to appeal to some of its more activist investors.

But further moves such as a spin off of the Taco Bell division, which has produced higher same store growth, could also be on the menu in the future as a way to create even more value for shareholders, especially if this latest restructuring fails to prod...