• 3382
• ATD

Some 7-Eleven owners in Japan fed up with strategy, welcome foreign bid

Former 7-Eleven franchisees criticize management, favoring Canadian firm Couche-Tard's potential acquisition amid strategic missteps and rising competition in Japan's convenience store market.

• 3382
• ATD

Couche-Tard asks 7-Eleven owner for talks after $38.5 billion offer rejected

• 3382
• ATD

Seven & i turns down Couche-Tard's $38.5 billion takeover bid

Seven & i Holdings rejected a $38.5 billion bid from Couche-Tard, citing shareholder interests and regulatory concerns, marking a significant moment in foreign interest in Japanese companies.

• 3382
• ATD
• AVGO
• NVDA

Futures inch lower, NFPs ahead, Broadcom's outlook - what's moving markets

US stock futures are down ahead of the labor market report, impacting Fed rate cut expectations. Broadcom's sales outlook disappoints, while Seven & i rejects Couche-Tard's bid.

• 3382
• ATD

Japan's Seven & i rejects Couche-Tard's $38.5 billion takeover offer

• 3382
• ATD

Seven & i to ask Couche-Tard to reconsider offer - reports

Seven & i Holdings finds Couche-Tard's takeover bid inadequate, citing regulatory concerns and stakeholders' interests. The preliminary offer was for around $40 billion.

• 3382
• APAM
• ATD

Seven & i to ask Couche-Tard to reconsider 'inadequate' offer, source says

Seven & i will deem Couche-Tard's takeover bid inadequate but will continue discussions, addressing potential regulatory concerns while the investment climate for Japanese companies remains attractive.

• 3382
• BX

Surge in foreign bids for Japanese firms only just beginning, says BofA's Komori

Foreign takeover bids for Japanese firms are rising, driven by a weak yen and increased growth opportunities, as noted by Bank of America's Yuta Komori.

• 3382
• ATD

Japanese companies cannot use national security cover to block takeovers, official says

A senior Japanese finance official states that national security designations cannot be used to prevent foreign takeovers amidst reports of Seven & i Holdings seeking 'core' designation.

• 3382
• APAM
• ATD

Artisan urges Seven&i for takeover bid update by Sept 19