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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