Tuesday, April 10, 2007

UPDATE 3-Daiei to sell about 30 pct of OMC shares -sources

(Reuters) - TOKYO, April 11 - Japanese supermarket Daiei Inc. plans to offer a stake of around 30 percent in its credit card unit OMC Card to various bidders this month, sources close to the matter said on Wednesday.

Credit card firm Credit Saison said it would consider buying OMC shares if they were offered by Daiei, which has been shedding non-core businesses as part of a turnaround effort.


Read more at Reuters.com Mergers News

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