Itochu amasses 40 pct stake in Descente in rare hostile bid

Descente

15/03/2019 06:08

TOKYO, March 15 (Reuters) - Trading house Itochu Corp
 8001.T  said on Friday it has amassed a 40 pct stake
in sportswear maker Descente Ltd  8114.T , setting the stage for
a rare hostile takeover in Japan's consensus-driven market.
    Itochu, which previously held around 30 pct of Descente as
of late January, had offered to buy more shares at a 50 percent
premium. 

 (Reporting by Tokyo Newsroom)
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