Loading...
Market
Story
Seven & i Receives $34 Billion Buyout Offer from Couche-Tard in Largest-Ever Foreign Takeover Bid
Aug 19, 2024, 11:08 AM
Seven & i Holdings, the Japanese company that owns 7-Eleven, has received a preliminary buyout offer from Canadian convenience store giant Alimentation Couche-Tard. The offer, reportedly valued at ¥5 trillion ($34 billion), could result in the largest-ever foreign takeover of a Japanese company if it proceeds. Seven & i, valued at about $31 billion, saw its stock surge by 23% following the announcement. A committee of directors at Seven & i is currently reviewing the proposal. The potential acquisition reflects Couche-Tard's strategic move to expand its global presence, adding to its existing portfolio of approximately 17,000 stores worldwide, including the Circle K brand.
View original story
Similar markets
Accepted without conditions • 25%
Accepted with conditions • 25%
Rejected • 25%
Offer withdrawn • 25%
Successful Acquisition • 25%
Bid Rejected • 25%
Bid Withdrawn • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Expands into new countries • 25%
Focuses on existing markets • 25%
Exits more international markets • 25%
Other strategic focus • 25%
Yes • 50%
No • 50%
IPO of supermarket unit • 25%
Further asset sales • 25%
New defensive measures • 25%
No significant moves • 25%
Accept offer • 25%
Reject offer • 25%
Negotiate further • 25%
No decision by deadline • 25%