The owner of Japanese convenience store chain am/pm has said it is unlikely to accept a future trade bid after the takeover of the business by Lawson fell through earlier this week.
Go deeper with GlobalData
Rex Holdings said it was unlikely to accept another bid from a rival Japanese convenience store.
However, a spokesperson for the company told just-food that Rex is “considering options” and has not ruled out a future sale.
The sale of am/pm to Lawson hit a stumbling block over Rex’s insistence that Lawson stick to an agreement that the am/pm name remained unchanged. This made it impossible to complete the deal, a spokesperson for Lawson told just-food.
A spokesperson for Rex confirmed that there was little to do after Lawson declined to accept this request.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataA spokeswoman for Goldman Sachs Tokyo said: “There won’t be substantial impact on Lawson and its share price has not changed.”
