TOKYO, May 20 (Reuters) - Fast food operator KFC

Holdings Japan ( KFCKF ) said on Monday that a Carlyle

Group ( CG )-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. ( MSBHF ), 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 ( MSBHF ) said.