Couche-Tard chairman says no hostile takeover bid for Seven & i, Nikkei reports

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TOKYO : Alimentation Couche-Tard is not considering a hostile takeover bid for Japan's Seven & i, the Nikkei business daily quoted the Canadian suitor's chairman and co-founder, Alain Bouchard, as saying.

It later raised its offer to $47 billion, in what would be the largest-ever foreign takeover of a Japanese company.

Asked whether Couche-Tard could raise its bidding price further, CEO Alex Miller, who also attended the interview, said: "The current proposed price is attractive for all stakeholders".

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Category: EconomyBusiness

Markets: SingaporeCanadaJapanUnited States

Topics: Couche-tard 7-eleven Store Company Seven Photo: Canada File Japanese Convenience

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 08:02:51 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 276 words

Reading Time: 2 minutes read

Sentences: 14 lines

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