Announced
Completed
Financials
Sources
Tags
Japan
Public
Acquisition
Hostile
restaurant chain
Restaurants and Bars
Single Bidder
Completed
Domestic
Minority
Synopsis
Colowide, which owns multiple restaurant chains in Japan, completed the acquisition of a 27.84% stake in Ootoya, which operates eateries specialising in traditional Japanese food, for $66m. Colowide now owns a 47% stake of Ootoya, and has enough control of the company to install its own slate of directors at a shareholders meeting, having failed in a bid to do so earlier this year.
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