Japan court overturns suspension of Kansai Super, H20 merger (updated)
07/12/2021 06:26
(Updates with statement from Kansai Super Market)
TOKYO, Dec 7 (Reuters) - A high court in Japan overturned a
lower court's suspension of a merger planned by retailers Kansai
Super Market Ltd 9917.T and H2O Retailing Corp. 8242.T ,
Kansai Super Market said in a statement released on Tuesday.
Given the ruling, Kansai Super Market and H2O Retailing plan
to proceed with their merger, the statement said. An injunction
had been granted last month in a case brought by OK Corp, which
is also interested in buying Kansai Super Market. urn:newsml:reuters.com:*:nL1N2SD0LU
"We believe the decision by the Osaka High Court... is one
that shows that they have reached a legitimate conclusion on the
matter," Kansai Super Market said in its statement.
(Reporting by Rocky Swift; Editing by Clarence Fernandez and
Richard Pullin)
((rocky.swift@thomsonreuters.com;))