Japanese trading house Mitsubishi Corp. announced a tender offer Wednesday to boost its stake in Kentucky Fried Chicken Japan Ltd. in a deal worth up to 30.83 billion yen (US$267.72 million;¤185,38 million).
Mitsubishi, which already owns 31 percent of KFC Japan's shares, will buy outstanding shares for 1,947 yen (US$16.91;¤11.71) each about 10 percent below the stock's average closing price over the past month.
Mitsubishi, which already owns 31 percent of KFC Japan's shares, will buy outstanding shares for 1,947 yen (US$16.91;¤11.71) each about 10 percent below the stock's average closing price over the past month.
