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Actionable news in YUM: YUM! BRANDS Inc,

Chinese sovereign fund eyes Yum Brands' multibillion-dollar local unit

A Chinese group with backing from the country's sovereign fund is expressing interest in taking majority control of the in-country business of Yum Brands (NYSE:YUM), Bloomberg reports.

That is an $8B-$10B business that runs more than 7,100 KFC and Pizza Hut restaurants in China, and...