Loading...
Market
Seven & i Holdings to Announce Sale of Non-Core Assets by End of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from Seven & i Holdings or reports in major financial news outlets.
Story
Couche-Tard Raises 7-Eleven Owner Bid to $47 Billion, 20% Premium, Shares Surge 10%
Oct 9, 2024, 04:04 AM
Alimentation Couche-Tard has increased its acquisition offer for Seven & i Holdings, the parent company of 7-Eleven, to approximately $47 billion. This revised bid represents a 20% premium over its previous offer, which was rejected. The new offer values Seven & i shares at about $18.19 each, reflecting the Canadian company's continued interest in acquiring the Japanese retailer. Following the announcement, shares of Seven & i surged by 10% in Tokyo trading. In response to the takeover approach, Seven & i is reportedly looking to strengthen its defenses by selling non-core assets. The Quebec public pension fund has indicated it may provide financial support for Couche-Tard's bid, should it proceed. Seven & i's CEO, Ryuichi Isaka, is expected to make a public appearance soon, marking his first since the bid was proposed.
View original story
Similar markets
Ito family buyout succeeds • 25%
Couche-Tard acquires Seven & i • 25%
No acquisition takes place • 25%
Other outcome • 25%
Itochu Corp. • 25%
Alimentation Couche-Tard • 25%
Another corporation • 25%
No additional corporations involved • 25%
Goes private with Itochu and Ito family • 25%
Remains public • 25%
Acquired by foreign entity • 25%
Other outcome • 25%
Yes • 50%
No • 50%
Successful IPO • 25%
Postponed IPO • 25%
Cancelled IPO • 25%
Other outcome • 25%
Expands into new countries • 25%
Focuses on existing markets • 25%
Exits more international markets • 25%
Other strategic focus • 25%
Completed as proposed • 25%
Modified and completed • 25%
Rejected • 25%
Withdrawn • 25%