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Restaurant Group Colowide to Launch Tender Offer for Ootoya

Restaurant Group Colowide to Launch Tender Offer for Ootoya

   Tokyo, July 9 (Jiji Press)--Major Japanese restaurant operator Colowide Co. <7616> said Thursday that it will launch a tender offer for industry peer Ootoya Holdings Co. <2705>.
   Colowide, which owns around 19 pct of Ootoya, is seeking to increase its stake to some 51 pct and make the holding company a subsidiary.

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AFP-JIJI PRESS NEWS JOURNAL


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