Seven & i Holdings rejected a buyout offer from Alimentation Couche-Tard, asserting the deal undervalues its potential and emphasizing their commitment to unlocking shareholder value.
The board concluded the proposal was not in the best interest of shareholders, indicating that Seven & i sees a more profitable path ahead independent from Couche-Tard.
Stephen Dacus emphasized in the letter that Couche-Tard's approach disregards Seven & i's standalone potential and opportunities to enhance shareholder value significantly.
Couche-Tard, with over 16,000 stores in North America and Europe, would have significantly transformed the retail landscape by acquiring Seven & i, which operates 85,000 stores.
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