Japanese electronics retailer Yamada to fully acquire furniture shop Otsuka Kagu

YAMADA HOLDINGS

09/06/2021 07:22

TOKYO, June 9 (Reuters) - Japanese electronics retailer
Yamada Holdings  9831.T  will take full ownership of home
furnishing store Otsuka Kagu  8186.T  through a share swap, the
companies said on Thursday. 
    Yamada, which already held a majority stake in Otsuka Kagu,
will delist shares in the company on Aug. 30, they said. 
    Otsuka Kagu has struggled to compete with cheaper rivals,
and to overcome a boardroom feud involving the company's founder
and his daughter. 

 (Reporting by Tokyo Newsroom; Editing by Tom Hogue)
 ((Ritsuko.Ando@reuters.com; +81 3 6441 1743;))