Alimentation Couche-Tard Increases Offer for Seven & i Holdings

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2 days ago

Sources have revealed that Canadian company Alimentation Couche-Tard Inc. proposed a new potential acquisition price of $18.19 per share for Seven & i Holdings Co. last month. This proposal values the Japanese retailer at 7 trillion yen (approximately $47.2 billion), marking a 20% premium over the previous acquisition offer and the company's current stock price.

The proposal, aimed at initiating discussions, was sent to Seven & i on September 19. However, since then, no substantial negotiations have taken place, according to individuals familiar with the matter who requested anonymity as the information is not public.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.