LIFETIME <LFT> TO BUY SHARES OF NIPPON LACE Lifetime Corp said it agreed to buy five mln shares, or 16 pct, of <Nippon Lace Co Ltd> for 3.28 dlrs a share, or 16.5 mln dlrs. It said it plans to enter the health care business in Japan. In addition, it said <Koba Electronics Co Ltd>, an affiliate of Lifetime, will buy four mln unissued shares, or a 12 pct stake, of Nippon for 20 mln dlrs or five dlrs a share. The company said Ohta Shoji, chief executive officer of <Toho Mutual Life Insurance Co>, owns the majority of Koba Electronics' shares. Toho Mutual Life is also the largest shareholder in Nippon Lace, the company said. Lifetime also said the <Private Bank and Trust of Zurich>, on behalf of Lifetime director and shareholder Terence Ramsden, intends to subscribe for two mln shares of Nippon Lace at the same price paid by Lifetime.