Deals
Aeon Jumps on Plan to Sell Talbots, Exit U.S. Market
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Aeon Co., Japan’s largest supermarket operator, rose to the highest level in three weeks in Tokyo trading after the company said it would divest its controlling stake in U.S. clothing chain Talbots Inc.
Aeon rose 3 percent to close at 750 yen on the Tokyo Stock Exchange, trimming its loss this year to 16 percent, compared with a 13 percent gain for the benchmark Nikkei 225 Stock Average. Talbots rose 14 percent to $8.23 in New York yesterday.