Reported about 15 hours ago
Seven & i Holdings demonstrates the ongoing difficulties in Japan's M&A landscape, as Canadian retailer Couche-Tard withdraws its $46 billion bid to acquire the company, citing ineffective communication. Despite pressure on Japanese firms to enhance shareholder returns amidst a governance overhaul, Seven & i's reluctance to engage reflects broader challenges for foreign firms seeking significant acquisitions in Japan. The situation underscores a growing divide between the need for corporate change and traditional management practices that prioritize stability.
Source: YAHOO