YUM Seeking to Acquire Majority Interest in Little Sheep

YUM! Brands, Inc., which operates KFC, Pizza Hut, Taco Bell, Long John Silver’s and A&W All-American Food Restaurants, is seeking to acquire a majority interest in Little Sheep. From the YUM! most-recent quarterly report:

We currently own 27% of the outstanding shares of Little Sheep Group Limited (“Little Sheep”), a Hot Pot concept headquartered in Baotou, Inner Mongolia, China. On April 26, 2011, we announced that we have submitted a preliminary proposal to Little Sheep under which we would offer to acquire all outstanding shares of Little Sheep, other than a minority interest to be held by the chairman and other founding shareholders of Little Sheep. No formal offer has been made at this stage and any such offer, should one be made, would be made only after we have obtained all necessary regulatory approvals for the transaction. There can be no assurance that the current discussions between YUM and Little Sheep regarding the proposal will ultimately lead to an offer being made or, if an offer is made, that it will result in a completed transaction.

Please don’t. I like Little Sheep just as it is.

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