Japan's Shimachu accepts Nitori's $2b buyout bid over DCM's

Japan's Shimachu accepts Nitori's $2b buyout bid over DCM's

REUTERS/Yuriko Nakao

Japanese home improvement retailer Shimachu Co will accept a $2 billion buyout bid by furniture chain Nitori Holdings Co, the Nikkei reported on Friday, rejecting an earlier agreed offer from DCM Holdings Co.