Trading house Itochu Corp said on Friday it has amassed a 40 pct stake in sportswear maker Descente Ltd, setting the stage for a rare hostile takeover in Japan's consensus-driven market.
Itochu, which previously held around 30 pct of Descente as of late January, had offered to buy more shares at a 50 percent premium.
(Published 15 March 2019, 07:45 IST)
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