Reported about 1 month ago
Seven & I Holdings has rejected Alimentation Couche-Tard's $39 billion takeover bid, citing it as insufficient and risky due to regulatory concerns. While the Japanese company expressed readiness to consider improved offers, it emphasized the need for any proposal to align with the interests of its shareholders and address existing regulatory issues. The outcome will be closely monitored as it could influence future corporate governance and acquisition trends in Japan.
Source: YAHOO