I’rom Group plans to acquire a 61% stake in CMAX from IDT Australia for a purchase consideration of A$10m ($7.61m).
The acquisition is expected to be completed in November.
The acquirer company is based in Japan, whereas the target company is based in Australia.
Walgreens Boots Alliance and Rite Aid Corporation have agreed to postpone the earlier agreed date of merger from 27 October to 27 January 2017.
The acquirer is a retail pharmacy and healthcare chain, and the target company is a drugstore chain.