KFC Holdings Japan receives tender offer from Carlyle-backed fund

KFC Holdings Japan

20/05/2024 08:01

TOKYO, May 20 (Reuters) - Fast food operator KFC
Holdings Japan  9873.T  said on Monday that a Carlyle
Group-backed fund launched a tender offer for its shares.
    Crispy Holdings will offer 6,500 yen per share, a 20%
premium to KFC Holding's closing price on Monday. The tender
period will last from May 22 to July 9.
    Mitsubishi Corp., the biggest shareholder in KFC Holdings
with a 35% stake, said separately it would tender all its shares
to the offer. The fried chicken chain will become a wholly owned
subsidiary after the deal closes, Mitsubishi said.
    

 (Reporting by Kantaro Komiya and Rocky Swift; Editing by Kim
Coghill)
 ((rocky.swift@thomsonreuters.com;))