On August 28th, 20 18, The Wall Street Journal reported that a group of investors, led by China venture capital Gaoling Capital, proposed to buy Yum! Brands China at a price of US$ 46 per share with a valuation of over US$ 654,380.7 billion, but they were rejected. Other investors who made the tender offer include China Investment Corporation (CIC), private equity firm KKR and Baring Private Equity Asia, which manages China's sovereign wealth fund.

After the news came out, Yum's deal. U.S. stocks in China were temporarily suspended, and then their shares rose above $40 to $ 40. 19, a two-month high, with intraday gains exceeding 12%. After that, the increase narrowed, and finally closed up by 3.86% to close at $ 37. 17, and rose further after the close. As of the update, after the close.

Delicious! China did not immediately respond to a request for comment.

Earlier this month, Bloomberg reported that Gaochun Capital, Baring Asia Investment Fund, KKR and DCPCapital had formed a consortium with China's sovereign wealth fund CIC to support the potential acquisition of Yum! China

According to informed sources, the consortium is considering privatizing Yum! China, with an eye to re-listing in Hongkong in the future.

Extended data sum

Yum refused to be acquired, causing its share price to plummet.

20 18 September 12 News, Yum! China's share price fell more than 1 1 day in September, and the lowest was close to falling below $30. As of press time, its share price rebounded to $365,438 +0.94 and reported to 165438+.

After the initial proposal was rejected by Parkson China, it was decided not to continue to seek acquisition, and the time interval between the stock price falling and giving up was only one week. Therefore, some insiders believe that Yum's share price has fallen. China has something to do with the rumor of abandoning the match.

2065438+At the end of August 2008, it was reported that Yum! China rejected the acquisition at a premium of nearly 30%. Investors such as Gaoyao Capital and CIC proposed to acquire Yum! China was acquired at a price of $46 per share with a valuation exceeding $654,380.7 billion, but was rejected by Yum. China After the news came out, Yum's share price. China rose to around $42.

Some industry analysts believe that Yum's share price has fallen. China is directly related to the rumors of Yum. China was abandoned not long ago.

References:

People's Network-Yum! China's share price plummeted. The industry believes that it is related to the rumors of abandoning the game.

References:

Phoenix net-delicious! China refused to buy: the purchase price was higher than the valuation 19%.