Japanese retail giant Seven & i will inform Canada's Alimentation Couche-Tard that its takeover bid price is 'inadequate', a source familiar with the matter ...
TOKYO - Japanese retail giant Seven & i will inform Canada's Alimentation Couche-Tard that its takeover bid price is "inadequate", a source familiar with the matter said on Thursday.
A Seven & i spokesperson declined to comment, saying the company would not comment on market rumours. The bid for Seven & i is the latest example of the growing interest in Japanese companies by Western investors, who have been drawn by the country's push for better governance and a slide in the yen.Foreign acquisitions of Japanese companies doubled to about 902.2 billion yen in the first half of the year compared with the same period last year, according to LSEG data.
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