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Owner of 7-Eleven rejects $39bn takeover offer from Canadian rival

The Guardian by wa-news on The Guardian 6 views

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Japanese group says Couche-Tard plan undervalues firm, but leaves door open to higher offerThe parent company of the global convenience store chain 7-Eleven has rejected a near $39bn (£29.6bn) takeover offer from a Canadian rival, arguing it “grossly undervalues” the company.Last month, Tokyo-based Seven & i revealed that it had received a bid from Alimentation Couche-Tard setting the scene for what could be Japan’s biggest ever foreign takeover. Continue reading…

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Source link : https://www.theguardian.com/business/article/2024/sep/06/owner-of-7-eleven-rejects-takeover-offer-from-canadian-rival

Author : Mark Sweney

Publish date : 2024-09-06 11:07:58

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian

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