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J.Front Retailing Co Ltd Completes Takeover Bid for Shares of PARCO CO., LTD.
J.Front Retailing Co Ltd announced that it has completed the takeover bid for shares of PARCO CO., LTD. J.Front Retailing acquired 38,522,614 shares of PARCO at the price of JPY 1,100 per share during the period from July 9, 2012 to August 20, 2012. As a result, J.Front Retailing will hold 65.00% voting rights of PARCO, up from 27.02%, and PARCO will become a subsidiary of J.Front Retailing, effective August 27, 2012.
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