Reported about 21 hours ago
Canada's Alimentation Couche-Tard has withdrawn its $46 billion takeover bid for Japan's Seven & i Holdings, citing a lack of constructive engagement from the retailer. This bid, aimed at creating a global convenience store powerhouse, would have been Japan's largest foreign acquisition. In response to Couche-Tard's letter, Seven & i expressed disappointment but noted it was not unexpected. There are speculations that future strategies may involve targeting Seven & i's North American business.
Source: YAHOO