Fri Sep 06 03:53:00 UTC 2024: – Seven & i Holdings rejects takeover offer from Alimentation Couche-Tard
– Couche-Tard offered to acquire all outstanding shares of Seven & i for $14.86 per share
– Seven & i announced a restructuring plan in April focusing on growing 7-Eleven’s global presence
– Stephen Dacus, chairman of special committee, calls Couche-Tard’s proposal opportunistic and undervalued
– Seven & i open to considering proposals in the best interest of stakeholders and shareholders
– Artisan Partners urges Seven & i to consider the offer and focus on capital allocation overseas
– Different opinions from portfolio managers on whether radical reform is needed by a foreign acquirer

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