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Japanese court puts Kansai's H2O Retailing merger on hold

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TOKYO : A Japanese district court on Monday granted an injunction against Kansai Super Market Ltd's planned merger with H2O Retailing Corp.Supermarket operator OK Corp, which was also interested in buying Kansai Super Market, had sought the injunction over alleged irregularities with Kansai Super Market's

TOKYO : A Japanese district court on Monday granted an injunction against Kansai Super Market Ltd's planned merger with H2O Retailing Corp.

Supermarket operator OK Corp, which was also interested in buying Kansai Super Market, had sought the injunction over alleged irregularities with Kansai Super Market's vote counting process at the shareholder meeting that approved the deal.

 

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