Mitsubishi Corp to launch $197 million takeover bid for Yonekyu

TOKYO Fri Jan 18, 2013 6:53am GMT

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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)