UNY To Make Its Convenience Store Private

UNY Co. Ltd., a major chain store operator for general retail services, announced that UNY make a tender offer for Circle K Sunkus Co., an UNY Group conveniece store operator. The TOB price is set at 1,780 yen, a 40% premium over a 3 month average. UNY is the lagerst shareholder(47.28%)of Circle K Sunkus, approve the offer. Circle K Sunkus will be delisted upon the successful outcome of the deal.