Japan's United Tech gives up on tie-up with Goodwill
TOKYO, May 1 (Reuters) - Japanese staffing service firm United Technology Holdings Co Ltd (2146.Q: Quote, Profile, Research, Stock Buzz) said on Thursday it has abandoned plans for a capital and business tie-up with bigger rival Goodwill Group Inc (4723.T: Quote, Profile, Research, Stock Buzz).
After acquiring a 30 percent stake in Goodwill in March, United Technology had been seeking a partnership with it.
But United Technology said it had given up the plans after the Goodwill management informed that it would terminate alliance talks. (Reporting by Taiga Uranaka)
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