Shares of Seven & i fall after report to reject Couche-Tard bid
Shares of Seven & i tumbled as much as 12 per cent on Tuesday, following a report the 7-Eleven owner plans to reject a $47 billion takeover offer from Canada's Alimentation Couche-Tard, although the Japanese company said it was still considering the offer.
Seven & i to reject Couche-Tard takeover bid, Yomiuri says
Shares of Japan's Seven & i tumbled as much as 12% on Tuesday,following a report the 7-Eleven owner plans to reject a $47 billion takeover offer from Canada's Alimentation Couche-Tard , a move that would keep the iconic retailer in Japanese hands.
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In Japan these days there is nothing quite like an annual meeting to focus the mind of a company losing its strategic way.
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