Japan's Nitori says to make counter-bid for Shimachu
29/10/2020 06:36
TOKYO, Oct 29 (Reuters) - Japanese furniture retailer Nitori
Holdings Co Ltd 9843.T said on Thursday it would make a
counter bid to buy home improvement retailer Shimachu Co Ltd
8184.T at 5,500 yen per share.
The bid was made after DCM Holdings Co Ltd 3050.T began a
tender offer for its smaller rival Shimachu earlier this month
at 4,200 yen per share. urn:newsml:reuters.com:*:nL4N2GT18K
DCM's offer, which values Shimachu at 164 billion yen ($1.6
billion), is due to run until Nov. 16.
(Reporting by Junko Fujita
Editing by Shri Navaratnam)
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Messaging:junko.fujita.reuters.com@reuters.net;))