TOKYO — Japan's Seven & i Holdings, owner of the 7-Eleven convenience store chain, released a letter to Alimentation Couche-Tard on Friday in which it said the proposed takeover by its Canadian peer was “opportunistically timed and grossly undermines our independent path.” directions.”
Seven & i said the company's board unanimously concluded that “the proposal is not in the best interests of 7&i shareholders and other interested parties” and responded to Couche-Tard's offer to “acquire all of Seven & i's shares for $14.86 in cash.” .”