Seven & i rejects buyout proposal from rival ACT

The proposed valuation fails to reflect the board’s view, while regulatory concerns are an additional hurdle, said the company in a public letter; Couche-Tard has responded by letter.

The Japanese owner of convenience store chain, 7-Eleven, rejected a previous acquisition proposal from Canadian retail giant Alimentation Couche-Tard (ACT), citing a low valuation and regulatory concerns.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media