Yum Brands Completes Purchase of Pizza Hut U.K. Joint Venture Interest

Yum! Brands, Inc. (NYSE: YUM) announced today that it has completed the purchase of the remaining 50% interest of its 541 Pizza Huts in the United Kingdom from Whitbread PLC, its long-time joint-venture partner.

Yum! Brands The transaction purchase price is $184 million plus the assumption of $25 million in certain debt and liabilities. The transaction was previously announced on July 31, 2006. Further details of the transaction will be included in the company's Q3 Earnings release on October 11, 2006.

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