Yum Brands Rises 1.8% Premarket After Sale Of 28 KFC Outlets To Collins Foods

By Sara Sjolin Markets MarketWatch Pulse

Yum Brands Inc. rose 1.8% in thin premarket trade on Monday after Australian restaurant-operator Collins Foods Ltd. said it's buying 28 KFC locations from the U.S. fast food company. Collins said it has entered into a binding agreement to take over 28 KFC eateries across Tasmania, South Australia and Western Australia for 110.2 million Australian dollars ($83.41 million) in cash.

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