Japan's Nitori considering bid for Shimachu, challenging DCM - Nikkei
20/10/2020 14:03
TOKYO, Oct 20 (Reuters) - Japanese furniture retailer Nitori
Holdings Co 9843.T is considering making a bid for Shimachu Co
8184.T that would challenge an offer for the home improvement
retailer made by DCM Holdings 3050.T , the Nikkei business
daily reported.
DCM said this month it was seeking to buy smaller rival
Shimachu at 4,200 yen ($39.74) a share for a total 164 billion
yen in an offer supported by Shimachu. urn:newsml:reuters.com:*:nL4N2GT18K
($1 = 105.6800 yen)
(Reporting by Chang-Ran Kim; Editing by Edmund Blair)
((ran.kim@thomsonreuters.com; +81-3-4563-2740;))