Reported about 15 hours ago
Alain Bouchard, founder and chairman of Alimentation Couche-Tard Inc., stated that the company will not pursue a hostile takeover of Seven & i Holdings Co., despite maintaining a buyout proposal valued at ¥7.3 trillion ($47.3 billion). This follows a competing bid from the Ito family for a ¥9 trillion management buyout, which has yet to receive a response from Seven & i's board.
Source: YAHOO