The Japan Fair Trade Commission clears an acquisition of shares, subject to remedies, in the retail of electric appliances market (Yamada Denki / Best Denki)

The JFTC Closed its Review on the Proposed Acquisition of Shares of BEST DENKI Co．， Ltd．by YAMADA DENKI Co．， Ltd．* Upon a notification regardinga proposed acquisition of shares of BEST DENKI Co., Ltd. (BEST DENKI)by YAMADA DENKI Co., Ltd. (YAMADA DENKI), the Japan Fair Trade Commission (JFTC)had reviewed the planned stock acquisition and reached the conclusion that, on the premise of the remedies offered by YAMADA DENKI,the deal would not substantially restraincompetition in any particular fields of trade. Accordingly, the JFTC has notified YAMADA DENKIthat a cease and