Corporate reforms designed to extract shareholder value are at risk of being delayed but not derailed, even as trade tariffs prompt near-term obstacles, market experts told FA.
Canada’s Alimentation Couche-Tard’s revised offer for Seven & i Holdings marks a crucial moment in Japan’s corporate deal making, assessing whether Tokyo’s shareholder initiatives can unlock value for investors; recent political turmoil could also have an impact.
As part of the nascent Apac living sector, multifamily asset purchasing has been increasing in Japan, bolstered by a rebound in tourism, low interest rates and strong rental growth.
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.