PepsiCo created a new corporation called Tricon Global Restaurants (now called Yum! Brands Inc.) which included Pizza Hut, KFC, and Taco Bell. This is an example of a(n)
A) hostile takeover.
B) acquisition.
C) spinoff.
D) merger.
E) divestiture.

Question

Quizplus · Accepted Answer

This is an example of a spinoff, where PepsiCo created a new independent company (Tricon Global Restaurants, now Yum! Brands Inc.) that included Pizza Hut, KFC, and Taco Bell, separating these businesses from its core beverage operations.

PepsiCo Created a New Corporation Called Tricon Global Restaurants (Now