TOKYO -- Dai-ichi Life Holdings this week announced an unusual competing takeover bid to acquire Benefit One, a corporate welfare benefits provider in Japan, for which another company is already offering a bid, stepping away from the life insurance company's stance as a long-time stable shareholder of the Japanese company.
The Japanese insurance company announced on Thursday that it will launch a takeover bid for Benefit One. Last month, M3, an operator of medical information websites, already announced a takeover bid for the same company.
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