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Business deals

Japan's Nitori weighs rival bid in takeover of furniture retailer

Move would spark battle with DCM over home center chain Shimachu

Dominant in its home market, Nitori has plenty of cash on had to conduct a takeover. (Photo by Satoshi Hishida)

TOKYO -- Japanese furniture retailer Nitori Holdings is considering acquiring industry peer Shimachu, Nikkei has learned, just as rival DCM Holdings is in the process of taking over the target.

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