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May 13, 2011, 4:37 AMYum Brands (YUM) offers up to HK$4.56B ($586M) to raise its stake in Little Sheep, the operator of a popular Chinese hot-pot chain, to 93.2% from 27.2%. Yum is offering a 30% premium to Little Sheep's close yesterday as it tries to pull ahead in China's highly fragmented restaurant industry. (also) | Comment!
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