Katokichi Co has successfully concluded its tender offer for the shares it does not already hold in seafood business Green Foods Co.
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In a regulatory filing, the Japanese frozen food manufacturer said that it has purchased an additional 23,170 shares in Green Foods, increasing its stake from 55.19% to 94.22%.
Katokichi, a wholly owned unit of Japan Tobacco, said it would consolidate all of its seafood operations into Green Foods.
