Reported about 2 months ago
Shares of Japan's Seven & i, owner of 7-Eleven, saw a reversal in value as investors speculated on regulatory hurdles surrounding Canadian company Couche-Tard's acquisition bid. The bid, which could create a leading convenience store giant in the U.S., initially boosted shares by nearly 23% but led to a 10.6% drop the following day amid concerns over antitrust challenges in both Japan and the U.S. Experts indicate that approval will be complex, given recent regulatory scrutiny of large mergers, and while the deal presents significant market opportunities, the road ahead seems challenging.
Source: YAHOO