Itochu says bolstered ownership in FamilyMart after tender offer

Credit: REUTERS/TORU HANAI

Japanese trading house Itochu Corp said it succeeded in bolstering its ownership of convenience store chain FamilyMart Co after a successful tender offer, despite criticism from activist investors who said it was not paying enough.

TOKYO, Aug 25 (Reuters) - Japanese trading house Itochu Corp 8001.T said it succeeded in bolstering its ownership of convenience store chain FamilyMart Co 8028.T after a successful tender offer, despite criticism from activist investors who said it was not paying enough.

(Reporting by Ritsuko Ando; Editing by Chris Gallagher)

((Ritsuko.Ando@reuters.com; +81 3 6441 1743;))

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