Alimentation Couche-Tard retracted its offer to purchase Seven & i Holdings Co., Ltd., claiming inadequate engagement from the company. They sought constructive dialogue with Seven & i's founding family but were met with resistance. Management did not address fundamental questions about industry competition. Couche-Tard first made a friendly bid in August and later issued non-binding proposals. Although Seven & i initially opposed the takeover due to regulatory concerns, discussions intensified after the founding family could not secure financing for an alternative bid.
Couche-Tard withdrew its proposal to buy Seven & i Holdings Co., Ltd., citing a lack of sincere and constructive engagement from the company.
Repeated attempts for dialogue with Seven & i's founding family were not received positively, as management was unwilling to address key industry questions.
#alimentation-couche-tard #seven--i-holdings #acquisition #convenience-stores #business-negotiations
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