Reported 1 day ago
Canada's Alimentation Couche-Tard Inc. has withdrawn its $46 billion bid to acquire Japan's Seven & i Holdings, citing a lack of meaningful engagement from the company during almost a year of negotiations. Despite plans for selling portions of its business and responding to shareholder demands, Seven & i faced a drop in stock prices following the announcement. Experts suggest that the bid's failure reflects ongoing corporate protectionism in Japan, which poses challenges for foreign investments.
Source: YAHOO