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TSE Suspends Trading of Olympic Group Shares
The Tokyo Stock Exchange announced on the 6th that it would suspend trading of Olympic Group Corporation <8289> shares from 8:20 a.m. that day. The reason given was "to confirm the veracity of reports regarding a business integration."
The Nikkei reported on the 4th that "Pan Pacific International Holdings Corporation (PPIH), which operates Don Quijote, will acquire major supermarket operator Olympic Group Corporation." Pan Pacific International Holdings Corporation <7532> is expected to make Olympic Group a wholly owned subsidiary through a share exchange by July, according to the report.
Note: The symbol at the end of the title indicates an article containing multiple stocks.
Source: MINKABU PRESS
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