Victoria Watcher posted topic Convenience stores

lpoutine,

Victoria Watcher has just posted a new topic entitled "Convenience stores" in forum "Retail Establishments & Grocery Markets".

----------------------------------------------------------------------
7-Eleven parent to review takeover bid from Canada's Couche-TardSeven & I Holdings (https://insideretail.asia/2024/04/10/seven-is-supermarket-unit-ito-yokado-to-go-public/), owner of convenience store chain 7-Eleven, has received a preliminary takeover offer from Canadian convenience store giant Alimentation Couche-Tard, parent of Circle K.
The Japanese company has formed a special committee to review the proposal. A source familiar with the matter told Reuters that the talks are "at a very early stage".
Details of the offer, including the size of the stake and method of acquisition, were not disclosed. Seven & I's shares surged by 22.7 per cent following the news on Monday, giving it a market value of 5.6 trillion yen ($38 billion).
If completed, the deal would be the largest acquisition of a Japanese company by a foreign one.
According to Nikkei, the committee will consider whether the proposal is an appropriate assessment of Seven & I's corporate value and whether it will lead to long-term growth. The board of directors will then make their decision based on the conclusions.


----------------------------------------------------------------------

The topic can be found here:
https://vibrantvictoria.ca/forum/index.php?/topic/7577-convenience-stores/?view=getnewpost


You can unsubscribe at any time here: https://vibrantvictoria.ca/forum/index.php?/unsubscribe/Zm9ydW1zO2ZvcnVtczszOTszNjI5OzM2Mjk7bGF1cmVuY2UucG91dGluZS52dnZ2QGJsb2dnZXIuY29t/

If you are not following any forums and wish to stop receiving notifications, uncheck the setting
"Send me news and information" found in 'My Settings' under 'Notification Options'.