After proposing a 3.8 billion dollar acquisition, Seven & i Holdings requested government protection.
According to Bloomberg's report, Seven & i Holdings (parent company of 7-Eleven) is seeking to require government notification for acquiring more than 10% of the shares. This could raise barriers to the acquisition proposal for Alimentation Couche-Tard, which operates Circle K and Couche-Tard chains based in Laval, Quebec, Canada. $Seven & i Holdings (3382.JP)$
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181172831 : Even though it's not a hostile takeover, why is the management seeking government protection without implementing improvement measures?
Riresa : Convenience stores are not typically considered as industries that play a central role in national crisis management.
さが64 : It's not related to national defense, and if that's allowed, what about other companies? The management team is desperately trying to come up with strategies to avoid being acquired, even though it's unlikely.