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Itochu's Hostile Bid for Descente Ends in Success

Itochu's Hostile Bid for Descente Ends in Success

   Tokyo, March 14 (Jiji Press)--Japanese trading house Itochu Corp. <8001> said Friday it has successfully completed its hostile tender offer for sports goods maker Descente Ltd. <8114>.
   According to mergers and acquisitions advisory firm Recof Corp., this was the first successful end to a hostile bid by a major company for another major firm in the country.

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AFP-JIJI PRESS NEWS JOURNAL


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