Seven & i Holdings has rejected Alimentation Couche-Tard’s takeover bid, stating that the proposal does not reflect the company’s true value. They are open to discussions if Couche-Tard presents a proposal that addresses their concerns and recognizes their intrinsic value.
Shares of Seven & I Holdings, the owner of the 7-Eleven convenience store chain, experienced a significant decline after an initial surge sparked by a takeover proposal from Alimentation Couche-Tard. The proposed deal, if successful, would be the largest-ever foreign buyout of a Japanese company.
Japanese retail giant Seven & i Holdings announces plans to accelerate the global expansion of its 7-Eleven convenience store chain. The company aims to boost the number of stores by 18% to about 100,000 by 2030 and expand its presence to 30 countries and regions. This expansion is part of a broader restructuring strategy, which includes divesting from underperforming supermarket assets.
