7-Eleven owner turns down $38bn bid approach from Canadian rival
Portfolio Pulse from
Seven & i Holdings, the owner of 7-Eleven, has rejected a $38 billion takeover bid from Alimentation Couche-Tard, citing undervaluation and regulatory issues. However, Seven & i is open to further discussions if a better offer is presented.
November 13, 2024 | 9:00 am
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Seven & i Holdings, owner of 7-Eleven, rejected a $38 billion bid from Alimentation Couche-Tard, citing undervaluation and regulatory challenges. The company is open to better offers.
The rejection of the bid suggests that Seven & i Holdings believes its value is higher than the offer, which could maintain or increase investor confidence. However, the openness to further discussions indicates potential future developments.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80