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Yum targets 15% EPS growth with China spin-off

China division is expected to split from company by end of 2016

Yum! Brands Inc. is targeting annual earnings growth of 15 percent in the two companies that will result from the planned spin-off of its 7,000-unit China division in 2016, executives said Thursday.

Executives of the Louisville, Ky.-based parent of KFC, Pizza Hut and Taco Bell at the annual investor conference in Plano, Texas, outlined further plans for the China division spin-off, which was announced Oct. 20 and

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