Yum! Brands Considers Selling Struggling Pizza Hut
Yum Brands is considering selling Pizza Hut as part of a formal review of options to improve the struggling pizza chain, which could lead to a sale under new ownership.
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Pizza Hut's Parent Company Considers Selling the Struggling Chain
Yum Brands is considering selling Pizza Hut after a period of declining U.S. sales and challenges in the competitive pizza market, as part of a strategic review to unlock the brand's full value.
Enbridge's $14 Billion Acquisition: Dominion Energy's Gas Distribution Companies Sold
Dominion Energy has announced agreements to sell its three natural gas distribution companies to Enbridge for a total value of $14 billion. The transactions are expected to be completed by the end of 2024, pending regulatory approvals. The proceeds from the sales, estimated at $8.7 billion after taxes, will be used to retire debt, resulting in improved credit accretion for Dominion Energy. The company plans to conclude its ongoing business review and announce a repositioned outlook in the fourth quarter of 2023.