Japanese restaurant and bar chains operator Colowide Co. said Wednesday it has requested that Ootoya Holdings Co. convene an extraordinary shareholders' meeting to reshuffle its management following Colowide's successful hostile takeover bid for the struggling dining chain.Colowide, which runs a wide range of Japanese-style pubs and restaurants including the grilled beef eatery Gyu-Kaku, said earlier in the day it had raised its stake in Ootoya to 46.77 percent, above the targeted lower limit of 40 percent through the hostile tender offer that ended Tuesday.The Yokohama-based izakaya restau…READ FULL ARTICLE
