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Japan-Update

FamilyMart Uny stock soars on merger payoff hopes

Japanese convenience store chain hits all-time high, outperforming rivals

Convenience stores operating under the Circle K and Sunkus brands are being converted into FamilyMarts.

TOKYO -- FamilyMart Uny Holdings shares have climbed to a record high on expectations that profit will grow as a 2016 merger finally begins to bear fruit.

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