NITORI HOLDINGS CO. TO LAUNCH TAKOVER BID OF SHIMACHU TO DCM

Highlights –

• Nitori Holdings Co. to launch takeover bid of Shimachu to DCM.
• The deal is said to be worth up to $1.5 billion.
• On the Tokyo stock bourse, Shimachu shares ended at 4,195 yen.
• If the takeover is successful by DCM, it will become the country’s biggest DIY store operator.

According to reports, Nitori Holdings Co., which is Japan’s ....