Japanese retailer Lawson has postponed plans to buy smaller rival am/pm Japan Co., insisting more talks were needed before completing the deal.


Lawson announced in February that it would buy am/pm Japan for around JPY15.4bn (US$154.2m) from Rex Holdings.


However, the retailer said today (3 April) that further discussions are needed on the details of the deal.


“Because it was determined that further discussion on the terms and conditions would be needed in order to ensure the smooth execution of the acquisition, the date of acquisition has been postponed,” Lawson said.


The company said it would announce when it expects to seal the transaction “as soon as it is decided”.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.