{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-271893","form_type":"8-K","ticker":"YUM","cik":"0001041061","company_name":"YUM BRANDS INC","filed_at":"2026-06-16T13:01:41+00:00","discovered_at":"2026-06-16T13:03:00.304941+00:00","generated_at":"2026-06-16T13:03:17.534818+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Yum! Brands sells Pizza Hut for $2.7B; LongRange and Yum China acquire; $4B buyback authorized","bullets":["Pizza Hut Ex-China sold to LongRange Capital for ~$1.5B; Pizza Hut China sold to Yum China for ~$1.2B.","Net proceeds after taxes, adjustments, and fees expected ~$2.3B, excluding $75M earn-out.","Yum! expects one-time separation expenses of ~$85M in 2026; transactions close in Q3 2026.","Board approved incremental $4B share repurchase authorization; net proceeds to be used for capital allocation.","Yum! and Yum China agree on KFC growth incentives; Yum! to provide Byte by Yum! and transition services."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-271893","json":"https://secwatch.observer/filing/0001193125-26-271893.json","markdown":"https://secwatch.observer/filing/0001193125-26-271893.md","text":"https://secwatch.observer/filing/0001193125-26-271893.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041061/000119312526271893/0001193125-26-271893-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041061/000119312526271893/d158986d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T13:03:17.534818+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}