Couche-Tard abandons $47 billion bid for Japan’s Seven & i.
Canadian retailer Alimentation Couche-Tard announced on Thursday the withdrawal of its $47 billion bid to acquire Seven & i Holdings, citing a lack of constructive engagement from the Japanese company. This move ends what could have been the largest foreign takeover of a Japanese firm, as Couche-Tard aimed to create
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,
