Mitsubishi Corp to launch $197 million takeover bid for Yonekyu
TOKYO (Reuters) - Trading firm Mitsubishi Corp (8058.T) said on Friday that it will launch a takeover bid for Japanese meat processor Yonekyu Corp (2290.T) in a deal worth up to 17.6 billion yen ($197 million).
Mitsubishi Corp will offer 950 yen for each Yonekyu share to take control of the firm.
($1 = 89.4100 Japanese yen)
(Reporting by Shinichi Saoshiro; Editing by Richard Pullin)
- Tweet this
- Share this
- Digg this
LONDON - Britain's economy grew an estimated 0.8 percent in the three months to the end of November but has not yet reached pre-recession levels, the National Institute of Economic and Social Research (NIESR) said on Tuesday.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.