Reported 29 days ago
Suntory Holdings CEO Takeshi Niinami stated that Seven & i's response to Alimentation Couche-Tard's $38.5 billion takeover bid was justified, deeming it too low. Niinami, highlighting the rising concerns among Japanese executives regarding potential foreign acquisitions, emphasized improvements in corporate governance and the need for Japanese companies to enhance value, especially amidst the pressures of a weak yen.
Source: YAHOO