Yum! Brands to complete Little Sheep takeover
January 30, 2012 Category Mergers & Acquisitions, Weekly
Yum! Brands will complete its takeover and privatization of Little Sheep Group this week after getting the go-ahead to withdraw the Chinese hotpot chain’s shares from Hong Kong’s main board. The withdrawal of the listing with take effect from 4 p.m. on February 2. The buyout deal was also sanctioned by the Grand Court of the Cayman Islands, where Little Sheep is incorporated. Little Sheep had 192 directly owned and 277 franchised restaurants as of June last year.
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