Shares of 7&iHD fell sharply due to uncertainty surrounding a buyout proposal from a major convenience store operator.

On August 20, 2024, at 10:23 AM GMT+9.

On the 20th, Seven & i Holdings (3382.T) is sharply falling in the Tokyo stock market. The day before, it was reported that they received an acquisition proposal from Canada's convenience store giant, Alimentation Couche-Tard (ATD.TO), leading to being bought up to the daily limit, but suddenly, selling is taking the lead. The stock price temporarily fell more than 12% to 1,893 yen.
In addition to the details of the proposal, there is uncertainty about the direction of Seven & i HD's strategy, with some voices suggesting that while there is anticipation, there is a sense of uncertainty whether a large-scale acquisition will materialize when considered calmly (domestic securities analyst).