Japan's OK Corp offers to buy Kansai Super shares at 64% premium if it drops H20 merger plans

Japan's OK Corp offers to buy Kansai Super shares at 64% premium if it drops H20 merger plans

Photo: C M / Unsplash

Japan’s OK Corp said on Friday that it plans a tender offer of 2,250 yen ($20.45) for each share of Kansai Super Market Ltd, or a premium of 64% over the previous day’s close, if its target scraps a plan to merge with H2O Retailing Corp.