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Retail big Aeon has entered into unique talks with Oasis Administration to amass shares the Hong Kong-based activist investor holds in drugstore chain Tsuruha Holdings, it stated on Monday.
Particulars of what number of shares it would purchase and the way a lot it would pay per share shall be topic to negotiations, Aeon stated.
Oasis and Aeon every have a few 13% holding in Tsuruha.
A rise in Aeon’s stake would add to its drugstore enterprise, a key progress driver for the agency. In the identical sector it holds 51% of Welcia Holdings and 10% of Kusuri No Aoki Holdings.
An Aeon spokesperson stated it had notified Tsuruha about its talks with Oasis for a potential inventory buy. The talks are being held with out approval from Tsuruha, though that isn’t required for an acquisition to proceed, the spokesperson added.
Tsuruha declined to remark. Oasis couldn’t instantly be reached for remark.
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