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Japanese baby care products maker Unicharm Corp (TYO:8113) will acquire a a[euro]oesignificanta[euro] holding in The Hartz Mountain Corporation, the US pet-care unit of trading house Sumitomo Corp (TYO:8053).
In addition, the company will pay at least 8 yen per share each year in principle, regardless of earnings, after conducting a 2-for-1 reverse stock split and halving the minimum unit of trading to 500 shares on Sept.
which is 50% owned by Japan National Oil, a government-affiliated corporation to invest in oil and gas undertakings, 35% by a unit of trading house Itochu Corp.