TOKYO, Dec 7 (Reuters) - A high court in Japan overturned a
lower court's suspension of a merger planned by retailers Kansai
Super Market Ltd and H2O Retailing Corp.,
Kansai Super Market said in a statement released on Tuesday.
Given the ruling, Kansai Super Market and H2O Retailing plan
to proceed with their merger, the statement said. An injunction
had been granted last month in a case brought by OK Corp, which
is also interested in buying Kansai Super Market.
"We believe the decision by the Osaka High Court ... is one
that shows that they have reached a legitimate conclusion on the
matter," Kansai Super Market said in its statement.
OK Corp plans to request permission from the Osaka High
Court to take their case to the Supreme Court, Kyodo reported on
(Reporting by Rocky Swift; Editing by Clarence Fernandez and