Yum! Brands Acquires The Habit Burger Grill
January 6, 2020
Yum! Brands agreed to acquire all outstanding common shares of The Habit Restaurants, Inc. (The Habit Burger Grill) for $14.00 per share in cash, a transaction valued at approximately $375 million. The acquisition adds a fast-casual, chargrill-focused restaurant concept headquartered in Irvine, California to Yum!'s portfolio and is expected to close by the end of Q2 2020, with The Habit remaining based in Irvine and reporting into Yum!'s management.
- Buyers
- Yum! Brands, Inc.
- Targets
- The Habit Restaurants, Inc. (The Habit Burger Grill)
- Sellers
- Public shareholders of The Habit Restaurants, Inc.
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Transaction Type
- Buyout
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