Tuesday, June 28, 2016

UPDATE 1-Idemitsu Kosan's founding family opposes Showa Shell takeover

TOKYO, June 28 (Reuters) - The founding family of Idemitsu

Kosan Co is opposed to the Japanese refiner's planned

takeover of smaller rival Showa Shell Sekiyu, Idemitsu

said on Tuesday, but added that both firms would continue with

plans to merge next April.

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