7-Eleven Owner Plans Revamp of Noncore Businesses Amid Buyout Interest From Couche-Tard
Seven & i Holdings slashed its profit outlook and announced plans to revamp its noncore businesses as it faced a revised takeover bid from Canada’s Alimentation Couche-Tard.
Couche-Tard hikes bid for 7-Eleven owner to $47 billion, sources say
Canada's Alimentation Couche-Tard (ACT) has made a revised bid for Seven & i Holdings, the Japanese company said on Wednesday, which two people familiar with the matter said hiked the offer by 22% to about $47 billion.
7-Eleven owner splitting into two to fend off Couche-Tard takeover
Seven & i Holdings Co. is embarking on its biggest-ever overhaul, betting that a bold breakup will help fend off an unsolicited takeover proposal from a smaller rival and make up for a sluggish profit outlook.
Couche-Tard sharply raises offer for 7-Eleven owner to about US$47-billion
News reports said the new proposal is worth roughly US$47-billion, an increase of more than 20 per cent from Couche-Tard’s initial offer of about US$39-billion
Couche-Tard makes revised offer for 7-Eleven owner
MONTREAL — The convenience store giant behind Circle K is not giving up its hope of taking over the Japanese owner of its international rival, 7-Eleven. Seven & i Holdings Co. Ltd. said in a Wednesday statement that it had received a revised confidential, private and non-binding proposal from Alimentation Couche-Tard.
Alimentation Couche-Tard Ups Bid for 7-Eleven Parent Company
LAVAL, Quebec, & TOKYO — Alimentation Couche-Tard Inc. is continuing its efforts to acquire Seven & i Holdings Co Ltd., parent company to 7-Eleven Inc. Seven & i confirmed on Oct. 9 that it had received a revised confidential, private and nonbinding proposal from Couche-Tard.
Japan's Seven & i unveils restructuring plan as $47 billion Couche-Tard bid looms
Seven & i Holdings announced on Thursday a roadmap to hive off underperforming businesses and focus on its convenience store operations, as the retailer aims to fend off a $47 billion takeover bid from Canada's Alimentation Couche-Tard.
Live news: Japan’s Seven & i plans break-up as it fights $47bn bid interest
Retail group Seven & i Holdings plans to split itself in two as it attempts to fend off a $47bn buyout proposal from Canada’s Alimentation Couche-Tard. The Japanese group said on Thursday that it would set up a holding company,
Couche-Tard raises bid for Seven & i, despite initial rejection
Canada’s Couche-Tard has increased its offer for Japan’s Seven & i Holdings, signalling continued interest in acquiring the convenience store giant, Bloomberg has reported. The Canadian retailer has raised its bid to Y7trn ($47.
Japan's Seven & i to bundle non-core assets into holding company, as Couche-Tard looms
Japan's Seven & i Holdings will set up a holding company for its non-core assets to bring in outside investment and is planning to change its name, the retailer said on Thursday. The announcement marks an acceleration in its plans to boost corporate value and focus on its core convenience store business in part to resist a takeover bid by Canada's Alimentation Couche-Tard (ACT).
Convenience Store News1h
Seven & i Sharpening Focus on C-Stores to Fend Off Couche-Tard
Convenience-store parent creating holding company for its supermarkets, specialty businesses to help prevent rival’s takeover ...
7-Eleven Parent To Spin Off Non-Core Businesses as It Faces Takeover Bid
Eleven owner Seven & i announced Thursday that it was creating a wholly owned subsidiary that would include its non-convenience store units.
Heard on the Street: Takeover Bid Opens 7-Eleven to Change
Tard’s offers to buy 7-Eleven’s Japanese parent haven’t clinched a deal. But they have nudged it to be more ...
7-Eleven owner to cut assets and refocus on convenience stores to counter Couche-Tard takeover
Japan’s Seven & i Holdings released results Thursday showing a 35% net profit drop, which will likely renew calls for it to ...
Quebec Pension Fund Says It’s Ready to Back Couche-Tard in 7-Eleven Quest
A senior executive at Quebec’s public pension manager said the fund will likely provide financial backing to Alimentation ...
7-Eleven Owner Plans Revamp of Noncore Businesses Amid Buyout Interest From Couche-Tard -- 2nd Update
The 7-Eleven owner early last month rejected the initial $39 billion buyout offer from Couche-Tard, saying the proposal underestimated the company's value and failed to sufficiently address regulatory ...