Discount store chain Don Quijote Co. said Friday it will sell its entire stake in Origin Toshu Co. to Aeon Co. in response to the major retailer’s public tender offer, giving up its bid to take over the boxed-meal chain.

The decision by Don Quijote to sell its 8,445,098 Origin shares, or 47.82 percent of the company’s outstanding stock, was made following meetings between Don Quijote Chairman Takao Yasuda and Aeon President Motoya Okada held Tuesday and Thursday, according to the announcement.

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