> Wal-Mart Gets OK to Buy Rest of Seiyu

Wal-Mart Gets OK to Buy Rest of Seiyu

Mar 19, 2008 6:00 AM

TOKYO — Seiyu, the Japanese retailer, yesterday said its shareholders approved the previously announced acquisition of the remaining shares of the company by Wal-Mart Stores, Bentonville, Ark. Wal-Mart began acquiring shares of Seiyu in 2002 and has increased its stake to 96% since then. This vote will allow it to purchase the remaining 4% it does not already own.

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