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.
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.
A spokeswoman for Goldman Sachs Tokyo said: “There won’t be substantial impact on Lawson and its share price has not changed.”
