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World to Fully Acquire Right-on via Share Exchange

Japanese apparel group World plans to make retailer Right-on a wholly owned subsidiary through a stock exchange transaction.

Summary

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Terms & Concepts
  • Share Exchange: A corporate acquisition method where a company obtains ownership of another by exchanging its shares for those of the target company.
  • Wholly Owned Subsidiary: A company whose entire equity is held by another company, giving full control to the parent entity.