An extraordinary general meeting of shareholders is being held at "Kansai Supermarket," which is a battle between two distribution companies in the Kansai and Tokyo metropolitan areas.
Kansai Super is proposing a business merger with operating companies such as Hankyu Hanshin Department Store, but the supermarket "OK" in the Tokyo metropolitan area has indicated its intention to oppose it, and the focus is on whether the merger proposal will be approved. increase.
Kansai Super, which is based in Hyogo and Osaka, said that it had previously proposed an acquisition with H2O Retailing, an operating company such as Hanshin Hanshin Department Store, which signed a business merger contract in August. It is a battle with the supermarket "OK" in the metropolitan area.
The extraordinary general meeting of shareholders at Kansai Super began at 10 am on the 29th at a hotel in Itami City, Hyogo Prefecture, and continues to this day.
Among them, Kansai Super has submitted a proposal to merge with H2O, the largest shareholder, which holds more than 10% of its shares, and become a subsidiary.
At the beginning, Koji Fukutani, president of Kansai Super, said, "Integrating with H2O will lead to an increase in corporate value," and called for approval of the integration plan.
On the other hand, OK, which owns more than 7% of the shares of Kansai Super, insists that "the explanation of the business plan after the integration is insufficient" and has made clear its policy to oppose the integration plan.
On top of that, OK is poised to embark on an acquisition with the consent of Kansai Super if the merger proposal is rejected.
Approval of the merger requires the approval of more than two-thirds of the shareholders, and the judgment of the shareholders will be watched.
Shareholders' voices for and against the business integration
Shareholders attending the general meeting of shareholders of "Kansai Supermarket" expressed their approval or disapproval of the company's proposal for a business integration with an operating company such as Hanshin Hanshin Department Store.
A man in Kita-ku, Osaka said, "I agree with the integration plan. I want you to integrate and take advantage of economies of scale. Rather than the low price, which is the appealing point of OK, the strengths of other supermarkets under H2O I think it would be good to make use of it and develop it based in Kansai. "
On the other hand, a male individual investor in Hiroshima Prefecture said, "I vote against the integration plan. I think it's dishonest because I hear that Kansai Super doesn't have a good place to talk with OK. OK's 2250 yen The purchase price of the stock is clear and attractive. "