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Japanet Announces Withdrawal of TOB for Twinbird
Japanet Holdings, a major television shopping company, announced on the 2nd that it would withdraw its TOB (takeover bid) for Twinbird, a home appliance manufacturer based in Tsubame City, Niigata Prefecture. The company stated that it "takes seriously" Twinbird's opposition to the TOB expressed at the end of last month.