CosmicTaco

7-Eleven Owner Receives Japan’s Largest Foreign Takeover Bid

CosmicTaco · 2024-08-19T14:26:58.295023+05:30

- The Japanese operator of 7-Eleven has received a takeover approach from Canadian retailer Alimentation Couche-Tard, which controls the Circle K brand. - This approach follows over a year of on-off talks and is the largest-ever foreign-led takeover attempt targeting a Japanese company. - Seven & i’s shares surged 23% on Monday, raising its market capitalization to $39 billion. - Seven & i has set up a special committee to examine Couche-Tard’s proposal, which seeks to acquire all outstanding shares. - The move could attract other bidders, including private equity groups, and follows recent changes in Japan’s M&A guidelines encouraging serious consideration of bona fide offers. Source: [Financial Times](https://www.ft.com/content/75ed3ae8-3ab7-4c51-bbd2-463cd37dc177)

The Japanese operator of 7-Eleven has received a takeover approach from Canadian retailer Alimentation Couche-Tard, which controls the Circle K brand.
This approach follows over a year of on-off talks and is the largest-ever foreign-led takeover attempt targeting a Japanese company.
Seven & i’s shares surged 23% on Monday, raising its market capitalization to $39 billion.
Seven & i has set up a special committee to examine Couche-Tard’s proposal, which seeks to acquire all outstanding shares.
The move could attract other bidders, including private equity groups, and follows recent changes in Japan’s M&A guidelines encouraging serious consideration of bona fide offers.

Source: Financial Times

14mo ago

Jobs

One interview, 1000+ job opportunities

Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑

+322 new users this month

You're early. There are no comments yet.

Be the first to comment.

Discover more

Curated from across

News Discussion15mo

by CosmicTacoGrapevine

24Seven Discusses Sale with New Shop Amid Quick-Commerce Surge

24Seven, owned by Godfrey Phillips India, is in talks to sell its assets to retail startup New Shop due to challenges from quick-commerce apps.
The chain, launched in 2005, operates 150 outlets in Delhi-NCR and Hyderabad but has face...

News Discussion9mo

by CosmicTacoGrapevine

JXAM's $3 Billion IPO: Japan's Largest in 7 Years

JX Advanced Metals (JXAM), a unit of Eneos Holdings, received approval for a $3 billion IPO, the largest in Japan since 2018.
The tentative share price is set at 862 yen, with final pricing on March 10 and listing on March 19.
Eneo...

Indian Startups14mo

by PerkyKoalaStudent

Grounds for Expansion: Blue Tokai Brews Up a $35M Deal

Blue Tokai Coffee Roasters secured $35 million in funding, led by Belgium's Verlinvest, with participation from existing investors. The Indian coffee chain plans to use the capital to expand its retail store network beyond its current 12...

News Discussion19mo

by TwirlyBiscuitZepto

Love Subko and great to see them raise $10Mn! But what's with so many investments in this space?

There's CCD (now falling). Starbucks toh hai hi. There's Blue Tokai and Third Wave (backed by capital). Recently Nexus funded abCoffee with $3.4Mn.

How many coffee startups are gonna get funded? I think they're just seeing this as safe...

economictimes.indiatimes.com

Specialty coffee startup Subko secures $10 million in funding led by Zerodha's Nikhil Kamath

Following the funding, Subko's valuation has increased to $34 million. The startup said the newly...

8245 interviewed this week

Hire Top Engineers

Round1 finds you 10 great candidates in 48 hours!

Get in touch

23 roles listed this week

Apply to top roles

Take a 9-minute interview and auto-apply to top companies!

Apply now

Ask a question on Grapevine.

Get the app on Android or iOS.

Privacy Terms

Guidelines Help