Showa Shell Sekiyu KK (5002.T)
6 Dec 2016
Mon, Nov 14 2016
TOKYO Japanese oil refiner Idemitsu Kosan will again delay its planned purchase of Showa Shell Sekiyu shares from Royal Dutch Shell because a review by the Japan Fair Trade Commission is still under way.
* Postponement latest setback in drawn-out merger attempt (Adds details, comment from news conference)
TOKYO, Nov 14 Japanese refiner Idemitsu Kosan will again delay its planned purchase of Showa Shell Sekiyu shares from Royal Dutch Shell because a review by the Japan Fair Trade Commission remains ongoing, the Nikkei newspaper said.
TOKYO Japanese refiner Idemitsu Kosan Co Ltd said on Tuesday it was still unable to talk to its founding family which is opposed to the firm's plans for a takeover of smaller rival Showa Shell Sekiyu .
* Idemitsu: no change in plan to buy RDS' stake in Showa Shell
TOKYO Japanese refiners Idemitsu Kosan Co Ltd and Showa Shell Sekiyu said on Thursday they were delaying a planned integration indefinitely, putting in serious doubt a deal that has been fiercely opposed by the Idemitsu founding family.
TOKYO, Oct 13 Japanese refiner Idemitsu Kosan Co Ltd is likely to delay its planned acquisition of Showa Shell Sekiyu, a source with direct knowledge of the matter said. The move comes after fierce opposition from the Idemitsu founding family to the acquisition.
* Showa takeover complicated by spat with Idemitsu family (Adds Shell comment)
* Idemitsu to seek discussions with big shareholders (Adds company comment, context; fixes slug)
TOKYO The founding family of Japan's Idemitsu Kosan Co Ltd has made a fresh call on management to give up its plan to merge with rival oil refiner Showa Shell Sekiyu KK.