Yum Brands Inc. said it would buy fast-casual burger chain Habit Restaurants Inc. as it seeks to broaden its range of restaurants and reach more customers.
Yum said Monday it had struck a deal to buy the California-based parent of Habit Burger Grill for $14 a share, or about $375 million in cash. Habit’s shares closed Friday at $10.51, giving it a valuation of around $275 million. The companies said they expect the deal to close early this summer.
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January 06, 2020 at 09:01PM
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Yum Brands to Buy Habit Grill - Wall Street Journal
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