7-Eleven parent's new security rating won't affect a buyout, Japan minister says

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TOKYO: The new classification of 7-Eleven's parent company as "core" to Japanese national security will not raise hurdles to a potential buyout, Japan's finance minister said on Tuesday, comments that appeared aimed at easing investor concerns about the move.

Any whiff of protectionism such as blocking of foreign takeovers on less-than-credible grounds could blunt enthusiasm for both the stock market and mergers and acquisitions (M&A), market participants have said.

The benchmark Nikkei share average has powered through a series of record highs this year, a once seemingly impossible feat, as foreign investors have rallied behind what they see as meaningful governance change.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaJapan

Topics: /Business/Business News Buyout Corporate News National security Couche-Tard 7-Eleven

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 15:58:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22563634

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