Japanese court puts Kansai’s H2O Retailing merger on hold – The Foreigners magazine In tokyo
Current track

Title

Artist

Background

Japanese court puts Kansai’s H2O Retailing merger on hold

Written by on November 22, 2021


TOKYO (Reuters) – A Japanese district court on Monday granted an injunction against Kansai Super Market Ltd’s planned merger with H2O Retailing Corp.

Supermarket operator OK Corp, which was also interested in buying Kansai Super Market, had sought the injunction over alleged irregularities with Kansai Super Market’s vote counting process at the shareholder meeting that approved the deal.

OK Corp released a statement welcoming the court’s decision.

(Reporting by Makiko Yamazaki and Sakura Murakami; Editing by David Goodman)

(c) Copyright Thomson Reuters 2021. Click For Restrictions –
https://agency.reuters.com/en/copyright.html

Reuters
Japan
Asia



Source link


Reader's opinions

Leave a Reply

Your email address will not be published. Required fields are marked *