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
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.
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.
Couche-Tard revises its $47bn offer for 7-Eleven owner amid regulatory hurdles
Alimentation Couche-Tard has made another attempt to acquire Seven & i Holdings, the Japanese company that owns 7-Eleven, according to a statement from Seven & i reported by BNN Bloomberg. The Laval, Quebec-based convenience store giant has submitted a revised, confidential, non-binding proposal.
Couche-Tard Raises Bid For 7-Eleven To $47 Billion
Canada's Alimentation Couche-Tard (ATD) has increased its takeover offer for the 7-Eleven convenience store chain by 22% to $47 billion U.S. If it succeeds, the deal for Seven & i Holdings, the company that owns the 7-Eleven chain,
Couche-Tard Can’t Boost Seven & I Bid Much Higher Than $47 Billion, Analysts Say
Canadian convenience store operator Alimentation Couche-Tard Inc. still has room to increase its $47 billion bid for Seven & i Holdings Co., but any further boost is likely to be small, analysts say.
Shares of Seven & i jump on report Couche-Tard raised offer to $47 billion
By Scott Murdoch and Anton Bridge TOKYO (Reuters) -Shares of Seven & i Holdings surged on Wednesday after Bloomberg News reported Canada's Alimentation Couche-Tard had raised its takeover offer price by more than a fifth,
Seven & i shares jump after Couche-Tard says it is ready to pay $47bn
Alimentation Couche-Tard has told Japan’s Seven & i Holdings it is willing to pay close to $47bn to take over the convenience store giant, 20 per cent more than its previously rejected bid. The non-binding offer by the Canadian company was sent to the Tokyo-based owner of the 7-Eleven chain last month and no material negotiations have taken place since,
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 ...
Couche-Tard’s pursuit will force 7-Eleven to mount a tougher defence
Japan’s designation of Seven & i as a ‘core business’ means a deal will not be easy, but investors should benefit regardless ...
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 ...
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 ...