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Olympic Group Rises on Unexecuted Buy Orders Following Business Integration Announcement with Pan Pacific International◇
Olympic Group Corporation <8289> has seen its unexecuted buy orders rise. Pan Pacific International Holdings Corporation <7532> announced on the 6th that it will conduct a share exchange with Olympic Group as the parent company to implement a business integration. Pan Pacific International will allocate and deliver 1.18 shares for each Olympic Group share. Buy orders have been concentrating on Olympic Group based on the theoretical stock price calculated from the share exchange ratio. The effective date of the share exchange is scheduled for July 1st, with Olympic Group's delisting scheduled for June 29th. Pan Pacific International aims to expand its store network in the Tokyo metropolitan area and accelerate the opening of its new format stores "Robin Hood."
Source: MINKABU PRESS
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