Nitori launches rival takeover bid for Shimachu in Nov.

Photo taken on Oct. 23, 2020, shows an outlet of Japanese do-it-yourself and hardware goods chain Shimachu Co. in Tokyo. Home furnishings retailer Nitori Holdings Co. said on Oct. 29, 2020, that it will launch a rival takeover bid in mid-November to make Shimachu a wholly owned subsidiary.

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2020/10/29 17:28:17

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Kyodo / Kyodo News Images

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2020 Kyodo News

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Nitori launches rival takeover bid for Shimachu in Nov.

Akio Nitori (L), chairman of Japanese home furnishings retailer Nitori Holdings Co., meets the press in Tokyo on Oct. 29, 2020, unveiling a plan to launch a rival takeover bid in mid-November to make do-it-yourself and hardware store operator Shimachu Co. a wholly owned subsidiary.

Nitori launches rival takeover bid for Shimachu in Nov.

Akio Nitori (R), chairman of Japanese home furnishings retailer Nitori Holdings Co., meets the press in Tokyo on Oct. 29, 2020, unveiling a plan to launch a rival takeover bid in mid-November to make do-it-yourself and hardware store operator Shimachu Co. a wholly owned subsidiary.

Nitori launches rival takeover bid for Shimachu in Nov.

Akio Nitori, chairman of Japanese home furnishings retailer Nitori Holdings Co., meets the press in Tokyo on Oct. 29, 2020, unveiling a plan to launch a rival takeover bid in mid-November to make do-it-yourself and hardware store operator Shimachu Co. a wholly owned subsidiary.

Nitori launches rival takeover bid for Shimachu in Nov.

Photo taken on Oct. 27, 2020, shows an outlet of Japanese home furnishings retailer Nitori Holdings Co. in Tokyo. Nitori said on Oct. 29, 2020, that it will launch a rival takeover bid in mid-November to make do-it-yourself and hardware goods chain Shimachu Co. a wholly owned subsidiary.

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