Japanese supermarket retailer Aeon will buy shares of lunch-box store chain operator Origin Toshu via a tender offer bid, reported Dow Jones Newswires.

Aeon plans buy a 50.01% stake in Origin Toshu shares outstanding, between tomorrow (31 January 2006) and 1 March 2006. It has lined up an offer of CNY27.76bn for 8.9m Origin Toshu shares at CNY3,100 per share, according to Dow Jones.

Origin Toshu’s management and employees reportedly strongly requested the offer from Aeon, designed to boost the corporate values of both companies.