--FILE--A pedestrian walks past a logo of KFC of Yum Brands in Ji'nan city, east China's Shandong province, 28 August 2016. The rejection of a US$17
RMID:Image ID:W65G1G
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Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W65G1GFile size:
46 MB (1.1 MB Compressed download)Releases:
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4928 x 3264 px | 41.7 x 27.6 cm | 16.4 x 10.9 inches | 300dpiDate taken:
28 August 2016Photographer:
ImaginechinaMore information:
--FILE--A pedestrian walks past a logo of KFC of Yum Brands in Ji'nan city, east China's Shandong province, 28 August 2016. The rejection of a US$17.6bn bid for fast-food group Yum China Holdings has dealt a blow to Asia's leveraged finance market, which had been eyeing a big payday from China's biggest private equity buyout. Yum China last week rejected a mooted offer of US$46 a share from a consortium led by Chinese investment firm Hillhouse Capital Group. A formal bid would have valued the New York listed operator of KFC, Pizza Hut and Taco Bell brands in China at 13x Ebitda.