date:Aug 27, 2013
Supermarket chain Aeon Co. said Thursday it has succeeded in raising its stake in Daiei Inc. to 44.24 percent from 19.89 percent through a tender offer to make the smaller rival retailer a subsidiary.
In response to the tender offer conducted from July 25 to Aug. 21, trading house Marubeni Corp., Daieis leading shareholder, agreed to sell most of its stake in Daiei. Marubenis shareholding in Daiei will be lowered to 5.0 percent from 29.35 percent upon the share transfer next Tuesday.
The value