The board of Seven & i Holdings strongly rejected Alimentation Couche-Tard’s takeover bid, stating it 'grossly undervalues' the company and does not merit further discussions.
Seven & i specifically criticized the timing of ACT's proposal, labeling it 'opportunistically timed' and insufficiently valuing Seven & i’s potential and existing value to shareholders.
The rejection letter from Seven & i emphasized regulatory hurdles, indicating that the proposed transaction would face significant challenges from U.S. competition law enforcement agencies.
In the board's communication, it expressed a willingness to discuss future proposals, provided they recognize the company's intrinsic value and strategic growth opportunities.
#mergers-and-acquisitions #corporate-valuation #7-eleven #alimentation-couche-tard #regulatory-challenges
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