Seven & I Reply to Couche-Tard Shows Japan’s M&A Era Has Arrived
When Seven & i Holdings Co. rejected Alimentation Couche-Tard Inc.’s takeover proposal, the Japanese retailer took pains to clarify that price was the issue, not the idea of an acquisition itself.
Japan's Seven & i says Couche-Tard's $38.5 billion offer is not adequate
By Mariko Katsumura and Scott Murdoch TOKYO (Reuters) -Japanese retail giant Seven & i Holdings said on Friday it had rejected Canada's Alimentation Couche-Tard's $38.5 billion cash bid for the company because the proposal was not in the interest of shareholders.
Seven & i to Couche-Tard: $40 Billion Offer Not Enough, Report Says
A letter Seven & i Holdings is sending to Canadian convenience-store operator Alimentation Couche-Tard says the offer to buy 7-Eleven’s parent company isn’t enough, according to a report first published by global news outlet Nikkei Asia . The letter also expresses concerns about competition laws.
Owner of 7-Eleven rejects $39bn cash offer from Couche-Tard
In a letter to Couche-Tard sent on Friday, the owner of the 7-Eleven convenience store chain said that the proposal of $14.86 per share in cash, was “not in the best interest of . . . shareholders and other stakeholders”.
Japan's Seven & i rejects Couche-Tard's $38.5 billion takeover offer
By Mariko Katsumura and Scott Murdoch TOKYO (Reuters) -Japanese retail giant Seven & i Holdings said on Friday it had turned down Canada's Alimentation Couche-Tard's $38.5 billion cash bid, rejecting an offer that would be the largest-ever foreign buyout of a Japanese company.
Seven & I says Couche-Tard buyout offer ‘significantly’ underestimates 7-Eleven operator’s value
Seven & I Holdings said Friday that a buyout offer by Alimentation Couche-Tard “significantly” underestimated the value of the Japanese operator of 7-Eleven convenience stores.
7-Eleven’s Japanese owner poised to reject Couche-Tard offer
The board of Seven & i Holdings is poised to reject an opening takeover offer from Canada’s Alimentation Couche-Tard, and its pursuit of Japan’s biggest-ever buyout by a foreign company. According to three people close to the Japanese operator of the 7-Eleven convenience store chain,
Seven & i to ask Couche-Tard to reconsider 'inadequate' offer, source says
By Rocky Swift and Ritsuko Shimizu TOKYO (Reuters) -Japanese retail giant Seven & i will inform Canada's Alimentation Couche-Tard that its takeover bid price is "inadequate", a source familiar with the matter said on Thursday.
CORRECTED: Seven & i conveys opposition to Alimentation Couche-Tard buyout offer
Seven & i Holdings Co. said Friday it has expressed its opposition to Canadian convenience store giant Alimentation Couche-Tard Inc.'s takeover bid, saying the offer "grossly undervalues" the major Japanese retailer's value.
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