Pizza Hut to be acquired for $2.7 billion

DAYTON, Ohio (WDTN) — Pizza Hut is set to be under new ownership.

Yum! Brands announced Tuesday it has reached an agreement to sell Pizza Hut, excluding Mainland China, to LongRange Capital for about $1.5 billion.

LongRange Capital is a a Connecticut-based private equity firm with companies like 24 Hour Fitness, Batesville and US Synthetic in its portfolio…

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