TOKYO: Japanese electronics retailer Yamada Holdings will take full ownership of home furnishing store Otsuka Kagu 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)
Source: Reuters
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