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US fund Artisan urges Seven & i to allow due diligence on Couche-Tard buyout offer

Channel News Asia LogoChannel News Asia9h ago

US fund Artisan urges Seven & i to allow due diligence on Couche-Tard buyout offer - Channel News Asia

Quick Summary:

TOKYO :U.S.fund Artisan Partners urged the board of Seven & i Holdings to allow Canada's Alimentation Couche-Tard (ACT) to conduct due diligence and negotiate a purchase price in its bid to take over the Japanese retail company.In a letter dated Oct.

If the deal goes ahead, it would be the largest-ever overseas buyout of a Japanese firm.

Only the chairman of the committee has been disclosed, which "invites suspicion that management-friendly members have been hand-picked to serve on the committee," it said.


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US fund Artisan urges Seven & i to allow due diligence on Couche-Tard buyout offer - Channel News Asia (Picture 1)US fund Artisan urges Seven & i to allow due diligence on Couche-Tard buyout offer - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 13:50:25 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23083899

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 39 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 53 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #27

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