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Korea M&A Corporation
Shares in Wal-Mart's Japanese subsidiary, Seiyu Limited, surged 13 percent Monday after expansion talk by a top Wal-Mart executive. Wal-Mart Vice Chairman Michael Duke told Japan's Nikkei business daily that the company is looking for takeover opportunities in Japan. Duke says Wal-Mart welcomes Japanese deregulation that is to take effect in May. The rule changes will allow foreign companies to ..
Oji Paper Co., the nation's leading paper producer, said Sunday it aims to make Hokuetsu Paper Mills Ltd. a wholly owned subsidiary through a takeover bid beginning in mid-August.Major Japanese companies rarely make hostile takeover bids against domestic competitors.Analysts said the planned management integration could sharpen Oji Paper's edge against Nippon Paper Group Inc., Japan's second-lar..