Seven & amp; I plans to send a letter to Cushtaal stating that the 6 trillion yen proposal is insufficient, according to sources.
Updated: September 5, 2024 21:27 JST (excerpt)
The business value is not properly evaluated, and there are also mentions of concerns about potential violations of US antitrust laws, according to sources.
The proposed amount is a scale of nearly 6 trillion yen at a price of less than $15 per share. If there are any new proposals, they will be reconsidered.
Seven & I Holdings, which received a non-legally binding acquisition proposal from Canada's convenience store giant, Alimentation Couche-Tard, held a board meeting on the 5th and decided to send a letter stating that the proposed acquisition price was insufficient on the 6th. This was revealed by several knowledgeable sources.
According to one person familiar with the matter, the amount proposed by Couche-Tard was less than $15 per share. The total amount would be approximately 6 trillion yen.
The business value is not properly evaluated, and there are also mentions of concerns about potential violations of US antitrust laws, according to sources.
The proposed amount is a scale of nearly 6 trillion yen at a price of less than $15 per share. If there are any new proposals, they will be reconsidered.
Seven & I Holdings, which received a non-legally binding acquisition proposal from Canada's convenience store giant, Alimentation Couche-Tard, held a board meeting on the 5th and decided to send a letter stating that the proposed acquisition price was insufficient on the 6th. This was revealed by several knowledgeable sources.
According to one person familiar with the matter, the amount proposed by Couche-Tard was less than $15 per share. The total amount would be approximately 6 trillion yen.
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