Story: 7-Eleven can approach acquisition.
The Japanese owner Seven & I said Monday has started talks with the Couche-Tard in Canada on the store’s sale plan.
This path may pave the way for receiving $ 47 billion by the Circle operator K.
Seven & I has already mentioned that the US Anti -Monopathic Law will be an obstacle to any agreement, because the two companies combined will control the store market there.
They will have about 20,000 outlets in the United States.
In a letter to shareholders, Seven & I suggested examining how you can treat stores that ignore it, and what buyers might be interested.
Last week, Couche-Trad said it had already started talks with third parties about such a sale.
She says she has set a portfolio of American stores that can be empty.
Last week, seven & I also witnessed the name of the director Stephen Dacus as its new executive chief – the first foreigner to occupy this post in the Japanese company.
It has been assigned to lead its recovery and respond to the acquisition offer.
At a press conference on Friday, he said that investors need a quick decision:
“What I do not think is our shareholders want to spend two years for more than two years to forget just because of the rejection of this by the American courts. This will not help the value of the shareholders. This will not help the value of the shareholders. It will not help our business. Certainly it will not add to the value of our company.”
Us Us Investor Artisan Partners – which holds a large share in the Japanese company – urged Seven & I to look again at the Couche -Tard.
This week, executive officials from the Canadian company Tokyo will visit to speak to the media about their show.
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