News: DTS Yum! Brands Says To Acquire Dragontail Systems

May 26 (Reuters) - Yum! Brands Inc YUM.N :

• YUM! BRANDS UNDERTAKES TO ACQUIRE DRAGONTAIL SYSTEMS, AN INNOVATOR IN KITCHEN ORDER MANAGEMENT AND DELIVERY TECHNOLOGY
• AGREEMENT TO ACQUIRE DRAGONTAIL BY WAY OF A SHARE SCHEME OF ARRANGEMENT
• UNDER TERMS OF TRANSACTION DOCUMENTS, YUM! BRANDS HAS AGREED TO PAY A$93.5 MILLION IN CASH FOR ALL OF ISSUED SHARE CAPITAL IN DRAGONTAIL
• YUM! BRANDS ESTIMATES THAT THIS ALL-CASH ACQUISITION WILL HAVE AN IMMATERIAL IMPACT TO ITS 2021 FINANCIAL RESULTS