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)
SYDNEY - Asian markets were mostly restrained on Friday as investors fret over the outlook for U.S. policy stimulus, but Japanese stocks forged ahead as the yen slid to a five-year trough on the dollar.
WASHINGTON - U.S. small business sentiment bounced back from a seven-month low in November, with owners setting their sights on creating more jobs and expanding operations.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.