, Japan
Photo by Vitaliy Haiduk via Pexels

7-Eleven parent receives buyout proposal from Couche-Tard 

No decision has been made yet on whether to accept, reject, or discuss the proposal.

Japan’s Seven & i Holdings Co., Ltd, which operates 7-Eleven stores worldwide, has confirmed that it has received a preliminary and non-binding acquisition proposal from Canada’s Alimentation Couche-Tard Inc. (ACT) to buy all outstanding shares of the company.

The company’s board of directors has established a special committee, exclusively comprised of independent directors and led by Chairperson Stephen Hayes Dacus. The committee will conduct a thorough and careful review of the proposal, along with the company's standalone plans and other potential strategies for enhancing corporate value.

No decision has been made yet on whether to accept, reject, or discuss the proposal with ACT.
 

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Samsonite harnesses data to boost sales
The US luggage maker is boosting its online channel to drive revenue across Southeast Asia.
Hyper-personalised shopping rules in Southeast Asia
Data and analytics allow brands to optimise customer experience both online and in-store.
SSI Group boosts investment in unified retail
The company, which sells brands like Hermes and Cartier, is refining its omnichannel space.
Stores