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Wal-Mart to Take Full Ownership of Japanese Subsidiary
BENTONVILLE, Ark. and TOKYO -- Wal-Mart Stores, Inc. said yesterday it's launching a tender offer to acquire all of the issued and outstanding shares of its Japanese subsidiary, The Seiyu, Ltd., that it does not already own. The offer is being made with the endorsement of the Seiyu board of directors, which passed a resolution of support, according to the retailing giant.