Descente Seen Facing Uphill Battle against Bid by Itochu

Descente Seen Facing Uphill Battle against Bid by Itochu

   Tokyo, Feb. 10 (Jiji Press)--The confrontation between the management of sportswear maker Descente Ltd. <8114> and its top shareholder, major trader Itochu Corp. <8001>, has developed into a hostile tender offer.
   Through the tender offer, Itochu plans to increase its equity stake in Descente from 30.44 pct to 40 pct, aiming to revamp the management of the target company.

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