NITORI HOLDINGS CO. TENDER OFFER OF OVER $2.1 BILLION FOR SHIMACHU CO. SUCCESSFUL

Highlights –

• Nitori Holdings Co. tender offer of over $2.1 billion for Shimachu Co. successful.
• Shimachu shares were tendered at a total of 30.02 million.
• Nitori offered to pay 5,500 yen per share to Shimachu Co.
• As of late December Nitori had 640 stores including 67 overseas.

On Tuesday in a friendly takeover, Japanese furniture and interior goods chai....