Japanese trading house Mitsubishi wins bid to take over Kentucky Fried Chicken Japan

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December 08, 2007
Source
The Hindu
Japanese trading house Mitsubishi Corp. said on Saturday that it successfully completed a friendly takeover of Kentucky Fried Chicken Japan Ltd., which owns more than 1,500 KFC and Pizza Hut restaurants around the country.

Mitsubishi, which already owned 31 percent of KFC Japan's shares, will pay 1,947 yen (US$16.91;euro11.54) each for a further 7.62 million shares, the bulk of which are held by U.S.-based Kentucky Fried Chicken Corporate Holdings Ltd., it said in a statement.

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