Kokuyo Drops Plan to Acquire Pentel

Kokuyo Drops Plan to Acquire Pentel

   Osaka, Feb. 14 (Jiji Press)--Japanese stationery maker Kokuyo Co. <7984> has given up on acquiring domestic peer Pentel Co., Kokuyo's president and chief executive officer, Hidekuni Kuroda, said Friday.
   But Kokuyo will continue efforts to build friendly relations with Pentel to conclude a business tie-up, Kuroda said at a press conference in the western Japan city of Osaka, noting that Kokuyo is still "in love with" the brand value of Pentel.

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