Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Taco Burgers? Yum Brands Buys Habit Restaurants For $375M

Courtesy of Benzinga

Taco Burgers? Yum Brands Buys Habit Restaurants For $375M

Yum! Brands, Inc. (NYSE: YUM) on Monday announced it will acquire Habit Restaurants, Inc. (NASDAQ: HABT) for $14 per share in cash at a total of $375 million.

Yum Brands also owns Taco Bell, KFC, Pizza Hut, and WingStreet.

The Habit Restaurants was founded in California in 1969, and offers charburgers, hand-filleted and marinated chargrilled chicken sandwiches, sushi-grade char-grilled ahi tuna sandwiches, salads, and handmade frozen treats.

“We’ve emerged from our three-year transformation stronger and in a better position to accelerate the growth of our existing brands and leverage our scale to unlock value from strategic acquisitions,” David Gibbs, CEO of Yum Brands, said in a statement.

Habit’s stock traded higher by 32% to $13.92 per share on Monday. The stock has a 52-week high of $14.16 and a 52-week low of $7.80.

Related Links:

Yum Brands, Yum China Trade Lower On Q3 Earnings

McDonald’s CEO To Employees: The Party’s Over

Posted-In: M&A News Restaurants General Best of Benzinga


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!