Pizza Hut operator Yum China rejects Hillhouse buyout offer: Report

Pizza Hut operator Yum China rejects Hillhouse buyout offer: Report

Pedestrians walk past Yum! Brands Inc. Pizza Hut and KFC restaurants in Shanghai, China. Photographer:Qilai Shen/Bloomberg

Yum China Holdings Inc, the operator of KFC, Pizza Hut and Taco Bell restaurants in China, has rejected a buyout offer from a consortium of investors that valued the company at more than $17 billion, the Wall Street Journal reported on Tuesday, citing a person familiar with the matter.

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