Without a doubt about Yum Asia buyout on straight straight straight straight back burner

Without a doubt about Yum Asia buyout on straight straight straight straight back burner

By Prakash Chakravarti and Chien Mi Wong

HONG KONG, Aug 31 (LPC) – The rejection of a US$17.6bn bid for fast-food team Yum Asia Holdings has dealt a blow to Asia’s leveraged finance market, which have been eyeing a huge payday from Asia’s biggest personal equity buyout.

Yum Asia the other day rejected a mooted offer of US$46 a share from the consortium led by Chinese investment company Hillhouse Capital Group. Continue reading “Without a doubt about Yum Asia buyout on straight straight straight straight back burner”