• Reuters, Kyodo, Staff Report

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Electronics retailer Yamada Denki Co. will take over home furnishing store Otsuka Kagu, the companies said Thursday, after the furniture chain struggled to compete with cheaper rivals and overcome a family-and-boardroom feud.

Otsuka Kagu, which could run out of cash in several months, will issue ¥4.3 billion ($39.58 million) in new shares to Yamada Denki, giving it 51.74 percent of the company, they said.

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