L·TF Co., Ltd cancelled the acquisition of L·TF·PJ Co., Ltd. from Three F Co., Ltd..
January 17, 2019
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L·TF Co., Ltd agreed to acquire L·TF·PJ Co., Ltd. from Three F Co., Ltd. (TSE:7544) on January 18, 2018. As per the terms of the transaction, 0.0149 common shares of L·TF Co., Ltd will be allocated for every common share of L·TF·PJ Co., Ltd. L·TF Co., Ltd will be the surviving entity in the transaction and L·TF·PJ Co., Ltd. will be dissolved from the transaction effective date. The Board of Directors of Three F Co., Ltd. approved the transaction on January 18, 2018. The transaction needs approval from Three F Co., Ltd.'s shareholders in a meeting to be held in February 14, 2018. The transaction is expected to close on February 28, 2018.
L·TF Co., Ltd cancelled the acquisition of L·TF·PJ Co., Ltd. from Three F Co., Ltd. (TSE:7544) on January 18, 2019.
Three F Co., Ltd. is a Japan-based company mainly engaged in the convenience store business. The Company is engaged in the management and operation of convenience chain stores under the name Lawson Three F in Tokyo, Kanagawa, Chiba and Saitama, and the provision of development support for products sold at convenience stores, as well as the operation of next-generation convenience stores gooz. The Company is also engaged in the provision of management guidance to franchise stores and the operation of directly managed stores.