date:Aug 27, 2013
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 of share acquisition is about 13 billion, Aeon said.
Although Aeon will not have a majority stake, it will be able to make Daiei a subsidiary because a m