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Kobe Court Suspends Kansai Super Market's Merger with H2O

Kobe Court Suspends Kansai Super Market's Merger with H2O

   Kobe, Nov. 22 (Jiji Press)--Kobe District Court in western Japan has accepted a request from supermarket operator OK Corp. to suspend industry peer Kansai Super Market Ltd.'s <9919> management integration with H2O Retailing Corp. <8242>, OK said Monday.
   OK, based in the city of Yokohama, south of Tokyo, filed the request earlier this month, after shareholders of Kansai Super Market voted late last month to narrowly approve the management integration slated for Dec. 1.
   A major Kansai Super Market shareholder itself, OK claimed that there were procedural problems over the integration.

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AFP-JIJI PRESS NEWS JOURNAL


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