>Yum Brands to repurchase up to $300M in stock

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>The Yum Brands Inc. board of directors Friday authorized the company to repurchase as much as $300 million of the company’s common stock over the next 12 months.

The authorization is in addition to a $300 million repurchase the board approved in September 2009. To date, Yum Brands has repurchased about $130 million under that repurchase plan, according to a news release from Louisville-based Yum Brands (NYSE: YUM).

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