7-Eleven Rejects Takeover Bid from Big Canadian Chain

Published On Sep 5, 2024, 11:40 PM

Seven & i Holdings, which operates 7-Eleven stores, has rejected a buyout offer from Canadian company Alimentation Couche-Tard. This proposed deal would have been the largest foreign-led acquisition of a Japanese firm. Despite the rejection, it places pressure on Seven & i to demonstrate how it plans to enhance shareholder value moving forward, as the board concluded that the offer did not reflect the company’s true worth.