Reported about 10 hours ago
A shareholder in Japan's Seven & i Holdings Co. is pressing the company to engage more deeply with Alimentation Couche-Tard regarding its $47.5 billion buyout proposal. Artisan Partners, which owns about 1% of both companies, raised concerns about potential conflicts of interest and the board's response to the acquisition approach. The Canadian retailer, which seeks to buy 7-Eleven's parent company for $18.19 per share, has yet to finalize negotiations. Couche-Tard executives are set to visit Tokyo to further discussions, while concerns over governance and shareholder confidence loom.
Source: YAHOO