7-Eleven Owner Rejects $38B Takeover Bid from Canadian Rival
In a bold move, Japan’s Seven & i Holdings, the owner of the global convenience store giant 7-Eleven, has turned down a $38 billion takeover offer from Canadian retail powerhouse Alimentation Couche-Tard (ACT), calling the bid “opportunistically timed” and far below the company’s true value. In a letter to ACT,
7-Eleven Owner’s Foreign Takeover Sparks Alarm in Japan
In the recent turn of events, the economic minister of Japan flagged the potential foreign acquisition of its retail giant Seven & i. According to Reuters, the Japanese Economy Minister, Ryosei Akazawa, was the first senior official to comment on the $47 billion buyout offer by Canada’s Alimentation Couche-Tard. Moreover,
