Seven & I Holdings Co (JP:3382) has released an update.
Seven & i Holdings Co., Ltd. has formally rejected a non-binding acquisition proposal from Alimentation Couche-Tard Inc., stating the offer undervalues the company and fails to address significant regulatory challenges. The Board, prioritizing shareholder value, is open to further discussions if future proposals acknowledge the company’s intrinsic value and provide certainty of closing. The Board remains confident in its ability to unlock shareholder value through strategic actions, particularly within its U.S. operations.
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