Couche-Tard asks Seven & i for talks as it rejects $38.5 bn offer

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Couche-Tard asks Seven & i for talks as it rejects $38.

Its underlying long term value is much, much higher" said JapanConsuming co-founder Michael Causton who publishes on Smartkarma."Couche-Tard knows this and its bid timing speaks to its skills as a deal maker.

Seven & i said the deal was not in the best interest of its shareholders and could face antitrust challenges in the US, where the combined company would be the biggest convenience store operator by a considerable margin.

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Category: BusinessFinance

Markets: IndiaCanadaJapan

Topics: Elon MusK SEVEN AND I CASH PROPOSAL CONVENIENCE STORE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 08:00:29 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22416702

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