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.
DCM looks to convert Shimachu into a fully owned subsidiary through a tender offer between Oct. 5 and November 16. Valued at roughly 160 billion yen ($1.5 billion), the deal prices shares at 4,200 yen apiece.
