• Kyodo News

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Convenience store chain FamilyMart Co. and its top shareholder, Itochu Corp., are in the final stages of negotiations over acquiring smaller rival am/pm Japan Co., sources said Thursday.

The deal would give No. 3 FamilyMart and No. 7 am/pm Japan a combined 8,700 stores in Japan, compared with about 9,700 for second-ranked Lawson Inc. Industry leader Seven-Eleven Japan Co. has nearly 12,500 outlets.

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