TAKEOVER BID DEADLINE FOR OOTOYA HOLDINGS CO. BY COLOWIDE CO. TO BE EXTENDED

Highlights –

• Takeover bid deadline for Ootoya Holdings Co. by Colowide Co. to be extended.
• Colowide runs a wide range of Japanese-style pubs and restaurants.
• Colowide had earlier failed to gain a 45 percent stake in Ootoya.
• Colowide currently owns a 19.16 percent stake in Ootoya.

Established in 1958, Ootoya, a Japanese restaurant chain has 350 branches ....