Alimentation Couche-Tard planning higher bid for Seven & i Holdings after initial offer rejected.
Alimentation Couche-Tard is contemplating a higher bid to acquire Japan's Seven & i Holdings after its initial $38.5 billion offer was rejected. Seven & i's board, concerned about shareholder interests and potential U.S. antitrust issues, has engaged Nomura for advice amid a possible takeover battle. This deal would mark the largest foreign acquisition of a Japanese company if successful, but Couche-Tard must significantly increase its offer to resume negotiations.
September 12, 2024
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