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Itochu's Hostile Tender Offer for Descente Likely Successful

Itochu's Hostile Tender Offer for Descente Likely Successful

   Tokyo, March 14 (Jiji Press)--Japanese trading house Itochu Corp. <8001> likely completed in success its hostile tender offer for sports goods maker Descente Ltd. <8114> on Thursday.
   The top shareholder of Descente set no minimum number of shares to acquire through the bid aimed at obtaining veto power by securing a stake of more than one-third.

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AFP-JIJI PRESS NEWS JOURNAL


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