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Japan oil distributor Idemitsu mulls buying rival Showa Shell

TOKYO, Japan - Combined photo taken Dec. 20, 2014, in Tokyo's Chuo Ward shows the signboards of gas stations affiliated with Idemitsu Kosan Co. (R) and Showa Shell Sekiyu K.K., respectively. Idemitsu, Japan's second-largest oil distributor, is considering acquiring fifth-ranked Showa Shell through a tender offer, sources familiar with the move said the same day.

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Japan oil distributor Idemitsu mulls buying rival Showa Shell

TOKYO, Japan - Photo taken Dec. 20, 2014, shows the building housing the headquarters of Idemitsu Kosan Co., Japan's second-largest oil distributor, in Tokyo's Marunouchi district. Idemitsu is considering acquiring fifth-ranked Showa Shell Sekiyu K.K. through a tender offer, sources familiar with the move said the same day.

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Japan oil distributor Idemitsu mulls buying rival Showa Shell

TOKYO, Japan - File photo shows the building housing the headquarters of Showa Shell Sekiyu K.K., Japan's fifth-ranked oil distributor, in Tokyo's Minato Ward. Idemitsu Kosan Co., the country's second-largest oil distributor, is considering acquiring Showa Shell through a tender offer, sources familiar with the move said Dec. 20, 2014.

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Japan oil distributor Idemitsu to buy 33% stake in rival Showa Shell

Tsuyoshi Kameoka (L), chief executive officer of Showa Shell Sekiyu K.K., and Takashi Tsukioka, chief executive officer of Idemitsu Kosan Co., hold a joint news conference at a hotel in Tokyo on July 30, 2015. They announced that Idemitsu, Japan's second-largest oil distributor, will acquire about a 33 percent stake in Showa Shell Sekiyu from Royal Dutch Shell PLC for around 169 billion yen ($1.4 billion). (Kyodo) ==Kyodo

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Japan oil distributor Idemitsu to buy 33% stake in rival Showa Shell

Tsuyoshi Kameoka (L), chief executive officer of Showa Shell Sekiyu K.K., and Takashi Tsukioka, chief executive officer of Idemitsu Kosan Co., shake hands after a news conference at a hotel in Tokyo on July 30, 2015. They announced that Idemitsu, Japan's second-largest oil distributor, will acquire about a 33 percent stake in Showa Shell Sekiyu from Royal Dutch Shell PLC for around 169 billion yen ($1.4 billion). (Kyodo) ==Kyodo

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Japan oil distributor Idemitsu mulls buying rival Showa Shell

TOKYO, Japan - Combined photo taken Dec. 20, 2014, in Tokyo's Chuo Ward shows the signboards of gas stations affiliated with Idemitsu Kosan Co. (R) and Showa Shell Sekiyu K.K., respectively. Idemitsu, Japan's second-largest oil distributor, is considering acquiring fifth-ranked Showa Shell through a tender offer, sources familiar with the move said the same day. (Kyodo)