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(Update) Drug Store Chains Cocokara, Matsumotokiyoshi to Start Merger Talks

(Update) Drug Store Chains Cocokara, Matsumotokiyoshi to Start Merger Talks

   Tokyo, Aug. 14 (Jiji Press)--Major Japanese drug store operator Cocokara Fine Inc. <3098> said Wednesday that it will enter negotiations on business integration with larger industry peer Matsumotokiyoshi Holdings Co. <3088>, in order to create an industry leader with annual sales of some one trillion yen.
   Cocokara, the seventh-largest player in the domestic drug store industry, plans shortly to grant exclusive negotiating rights to fifth-ranking Matsumotokiyoshi.

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