M'bishi Corp to launch $197 mln takeover bid for Yonekyu

TOKYO Fri Jan 18, 2013 1:51am EST

TOKYO Jan 18 (Reuters) - Trading firm Mitsubishi Corp said on Friday that it will launch a takeover bid for Japanese meat processor Yonekyu Corp 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)