Trading in Seven & i halted after Couche-Tard withdraws $47 billion bid
On Monday, August 19, 2024, Seven & I Holdings Co. in Kawasaki, Japan. 7-Eleven Market operated by.
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Seven and I was stopped on Thursday after Canada’s withdrawal of the $ 47 billion offer to buy the Japanese company of Alienation Couche-TARD.
Market operator Couche-TARD said on Wednesday that “a permanent deficiency of the relationship with goodwill” was a proposal for the seven & I holding of Japan.
“Contrary to the public comments by the representatives of 7 & I, there was no sincere or constructive participation from 7 & i to facilitate the progress of any offer.” Canadian Retailer said in a statement.
7-The operator of Eleven stores, according to the Google translation of the Japanese statement of Yedi & I, expressed disappointment with Couche-TARD’s decision and did not agree with many of the “wrong statements”.
In 2024, the company rejected the purchasing offer of the Canadian Market Operator Alienation Couche-TARD. Couche-TARD did initially An offer of $ 14.86 per share Receiving seven & i in August last year. The offer was rejected, seven and me “Great values” Company.
The company then Reportedly In October, 7 trillion Japanese Yen seven and approximately 47 billion dollars in 7 trillion Japanese Yen, up to 22% to $ 22,19% per share.
“As we have stated many times, we believe that combining our two companies completely, the most simple and effective way to maximize value to all stakeholders,” Couche-TARD said. He said. “However, we cannot effectively follow this combination without a deeper and real participation than 7 & I leadership and private committee.”
Seven & i Holdings changed Ryuichi Isaka as CEO in May by taking the rudder of director Stephen Dacus.
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– CNBC’s Lim Hui Jie contributed to this report.
