Wednesday, August 3, 2016

Idemitsu family bought shares in Showa Shell to block takeover -lawyer

TOKYO, Aug 3 (Reuters) - The founding family of Idemitsu

Kosan Co has bought 400,000 shares in Showa Shell

Sekiyu KK, enough to be able to force a tender offer

bid for its rival, in the hope of blocking management's takeover

plan, the family's lawyer said.

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