TOKYO: The Japanese owner of 7-Eleven said on Friday (Sep 6) it had rejected a takeover bid from retail giant Alimentation Couche-Tard (ACT), saying the proposal "grossly
A letter from the board of Seven & i Holdings to its Canadian rival said it was open to"engaging in sincere discussions should you put forth a proposal that fully recognises our standalone intrinsic value".
Seven & i has a market value of around ¥5.6 trillion . 7-Eleven stores are a beloved institution in Japan, selling everything from ready-made meals to umbrellas.As 7-Eleven's Japan owner weighs a bid, US fans crave 'conbini' foodThe letter called the proposal"opportunistically timed" and said it"grossly undervalues our standalone path and the additional actionable avenues we see to realise and unlock shareholder value in the near- to medium-term".
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7-Eleven’s Japanese owner seeks government protection after $49.9 billion approachThis raises a potential hurdle for Alimentation Couche-Tard’s buyout proposal to proceed.
Read more »
As 7-Eleven's Japan owner weighs a bid, US fans crave 'conbini' foodTOKYO : Seven & i Holdings turned the humble 7-Eleven store into a popular food destination in Japan by serving up fresh sandwiches, rice balls and rows of boxed lunches, changing how millions of people eat.
Read more »
As 7-Eleven's Japan owner weighs a bid, US fans crave 'conbini' foodTOKYO - Seven & i Holdings, opens new tab turned the humble 7-Eleven store into a popular food destination in Japan by serving up fresh sandwiches, rice balls and rows of boxed lunches, changing how millions of people eat. Five decades after it opened the first store in its home market, the company is on a mission to bring some...
Read more »
Nippon Steel, peers urge Tokyo to curb steel imports from China, executive saysTOKYO: Nippon Steel and other Japanese steelmakers are urging Tokyo to consider curbing cheap steel imports from China, the world's biggest steel producer, to protect the Japanese market, Nippon Steel Vice Chairman Takahiro Mori said in an interview.
Read more »
Commentary: A 7-Eleven buyout would stretch Japan’s appetite for M&AJapan’s convenience stores have become essential to daily life. That has many fearing the prospect of a foreign takeover of 7-Eleven, says Gearoid Reidy for Bloomberg Opinion.
Read more »
7-Eleven billionaire heirs would see big payday from shock offerMr Masatoshi Ito's descendents are the second-largest shareholders of Seven & i.
Read more »