PLAN APPROVED BY FAMILYMART CO. FOR ITOCHU CORP. TO TAKE THE FORMER’S STORE PRIVATE

Highlights –

• Plan approved by FamilyMart Co. for Itochu Corp. to take the former’s store private.
• FamilyMart will be delisting from First Section of the Tokyo Stock Exchange on Nov. 12.
• Itochu, the top shareholder of FamilyMart raised its stake to 65.71 percent via a tender offer.
• FamilyMart’s sales took a dip due to the pandemic.

FamilyMart....