Owner of 7-Eleven rejects $39bn takeover offer from Canadian rival
Briefly

from www.theguardian.com2 weeks ago
Seven & i has rejected Alimentation Couche-Tard's $39 billion takeover offer, claiming it undervalues 7-Eleven and poses regulatory risks, yet remains open to higher bids.
www.theguardian.comhttps://www.theguardian.com/business/article/2024/sep/06/owner-of-7-eleven-rejects-takeover-offer-from-canadian-rival
'We do not believe the proposal you have put forward provides a basis for us to engage in substantive discussions,' said Stephen Dacus, Seven & i's chair.
www.theguardian.comhttps://www.theguardian.com/business/article/2024/sep/06/owner-of-7-eleven-rejects-takeover-offer-from-canadian-rival
The company expressed significant concerns regarding competition and regulatory risks, stating that even an improved offer wouldn't sufficiently address the challenges of US competition law.
www.theguardian.comhttps://www.theguardian.com/business/article/2024/sep/06/owner-of-7-eleven-rejects-takeover-offer-from-canadian-rival
Dacus emphasized that Couche-Tard's offer was 'opportunistically timed' and claimed it grossly undervalues the intrinsic worth of 7-Eleven.
www.theguardian.comhttps://www.theguardian.com/business/article/2024/sep/06/owner-of-7-eleven-rejects-takeover-offer-from-canadian-rival
Read at www.theguardian.com
#7-eleven #takeover #alimentation-couche-tard #regulatory-risks #corporate-valuation
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