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Tuesday, January 18, 2011

Yum puts Long John Silver's and A&W up for sale, (NYSE: YUM)

Yum Brands Inc (YUM.N) has put its Long John Silver's and A&W All-American Food Restaurants up for sale as it focuses on growth in China and other international markets, the company said on Tuesday. Yum, which gets the majority of its profits from outside the United States, wants to build more KFC, Pizza Hut and Taco Bell restaurants in places like Asia, Europe and Africa. [ID:nN08114643] A&W, known for its root beer, and quick-service seafood chain Long John Silver's have a small international footprint and account for just 1,630 of Yum's more than 37,000 restaurants globally.

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