The Habit Restaurants' Stockholders Adopt Yum! Merger Agreement

    Industry News | March 18, 2020

    The Habit Restaurants, Inc. announced Wednesday that its stockholders voted to adopt the Agreement and Plan of Merger, dated as of January 5, 2020 , among Yum! Brands, Inc. and YEB Newco Inc., Yum’s wholly-owned subsidiary, at a special meeting of The Habit Burger Grill’s stockholders held earlier Wednesday. 

    The Habit Burger Grill’s stockholders also approved the proposal to approve, on an advisory (non-binding) basis, specified compensation that may be paid or become payable to The Habit Burger Grill’s named executive officers that is based on or otherwise related to the Merger Agreement and the transactions contemplated by the Merger Agreement.

    The final voting results will be disclosed in a Current Report on Form 8-K, in accordance with the rules of the U.S. Securities and Exchange Commission.

    News and information presented in this release has not been corroborated by WTWH Media LLC.