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Alimentation Couche Tard

All articles tagged with #alimentation couche tard

business1 year ago

7-Eleven's $47 Billion Takeover Sparks Global Bidding War

Seven & i Holdings, the owner of 7-Eleven, is embroiled in a bidding war involving its management, founding family, and Canadian company Alimentation Couche-Tard, with offers reaching $58 billion. Alimentation Couche-Tard, which owns Circle K, initially bid $39 billion but increased it to $47 billion. Meanwhile, Junro Ito, an executive and heir to 7-Eleven, proposed a $58 billion management buyout to take the company private. The outcome could lead to the largest-ever foreign takeover of a Japanese company, with a special committee evaluating the proposals to maximize shareholder value.

via Business Insider|
#7-eleven#acquisition#alimentation-couche-tard
business1 year ago

Founder's Son Leads $58B Buyout Bid for 7-Eleven Owner

Seven & i has received a $58 billion management buyout offer from Ito and Ito-Kogyo, which aims to take the company private and counter a $47 billion proposal from Alimentation Couche-Tard. The board of Seven & i is reviewing both offers, with no decision made yet. The company emphasizes an objective evaluation of all options to maximize shareholder value.

via CSNews Online|
#acquisition#alimentation-couche-tard#business
business1 year ago

7-Eleven's Parent Company Considers Massive Buyout Amid Takeover Talks

Seven & i Holdings, the owner of 7-Eleven, has entered negotiations with Canada's Alimentation Couche-Tard over a $47 billion takeover bid, while also receiving a rival offer from the founding Ito family. The Ito family's proposal, which involves significant borrowing and potential involvement from Itochu, a major Japanese trading house, aims to keep the company under Japanese control. This development marks a significant moment in Japan's corporate M&A landscape, with the special committee of Seven & i considering all options to maximize shareholder value.

via Financial Times|
#7-eleven#alimentation-couche-tard#business
business1 year ago

7-Eleven Owner Considers Major Management Buyout

Japan's Seven & i Holdings, the owner of the 7-Eleven convenience store chain, is considering a management buyout to go private, aiming to raise $38 billion. This move is intended to counter a takeover bid from Canada's Alimentation Couche-Tard. The founding family of Seven & i Holdings is reportedly seeking financial backing from institutions to support this buyout plan.

via Nikkei Asia|
#7-eleven#alimentation-couche-tard#business
business1 year ago

7-Eleven Owner Mulls $58 Billion Buyout to Go Private

Seven & i Holdings Co. is exploring a management buyout to potentially take the company private, with financial backing from banks, Itochu Corp., and the founding Ito family. The transaction could be valued at approximately ¥9 trillion ($58 billion) and may serve as an alternative for shareholders if Alimentation Couche-Tard Inc. intensifies its acquisition efforts.

via Bloomberg|
#alimentation-couche-tard#business#ito-family