CORRECTED - LIFETIME<LFT> TO BUY NIPPON LACE SAHRES 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 Nippon, will buy four mln unissued shares, or a 12 pct stake, of Lifetime for 20 mln dlrs or five dlrs a share. - Corrects to show Nippon's affiliate Koba buying stake in Lifetime.