(Reuters) – Billionaire investor Daniel Loeb said on Wednesday that he sees room for restaurant chain company Yum! Brands (YUM.N) to potentially split off its China business, but said he is not pushing for that now.
“Yum is not an activist play from our perspective, ” Loeb said at the SkyBridge Alternatives Conference, less than a week after telling investors that his $17.5 billion hedge fund Third Point LLC had taken a significant position in the stock… [READ MORE]
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By Steve Marcus