Alimentation Couche-Tard, Itochu

Itochu to bow out of Seven & i buyout, Couche-Tard still interested
Japan's Itochu is withdrawing from a buyout for Seven & i Holdings proposed by the retailer's founding family, two sources with knowledge of the matter said, while Canada's Alimentation Couche-Tard reaffirmed its commitment to a takeover.
Itochu drops Seven & I buyout, putting Couche-Tard back in limelight
The news would place Alimentation Couche-Tard’s offer back in the limelight. Shares of Seven & I Holdings dropped more than 12% on Thursday, closing at ¥2,118, down 10.95% from the day before. “There is no actionable proposal from Mr. Junro Ito and Ito-Kogyo for 7&i to consider at this time,” Seven & I said in a statement.
Seven & i Buyout Collapse Opens Door for Couche-Tard Talks
Seven & i Holdings Co. shares plunged after a proposed ¥9 trillion ($60 billion) management buyout collapsed, increasing pressure on the Japanese convenience store chain to engage with a rival bid from Canada’s Alimentation Couche-Tard Inc.
Couche-Tard Still Seeking Seven & I Deal, Access to Financials
Alimentation Couche-Tard Inc. is keeping up its pursuit of Seven & i Holdings Co. but has yet to gain access to the Japanese company’s financials, months after proposing a takeover, people with knowledge of the matter said.
Itochu to bow out of Seven & i buyout, sources say
Japan's Itochu is withdrawing from a buyout for Seven & i Holdings proposed by the retailer's founding family, two sources with knowledge of the matter said. After receiving a takeover bid from Canada's Alimentation Couche-Tard last year,
Seven & i Confirms Management Buyout Group Couldn’t Secure Funds
The consortium proposing a management buyout of Seven & i Holdings Co. “has been unable to secure the financing required to ...
Nikkei Asia1d
Japan's Itochu withdraws from Seven & i buyout talks
TOKYO -- Japanese trading house Itochu will not participate in the buyout of Japan's Seven & i Holdings planned by the ...
Seven & i shares plunge over 12% as management buyout falls through
Shares of Japan's Seven & i Holdings plunged as much as 12.44% Thursday after the company said the founding family had failed ...
Seven & i Buyout Talks Stall Over Management Control
Negotiations within the consortium proposing a ¥9 trillion ($60 billion) management buyout of Seven & i Holdings Co. have ...
Itochu will reportedly not participate in Seven & i buyout planned by retailer’s founding family
Itochu had considered investing US$6.69-billion in the deal but ultimately saw low synergies between its food and beverage business and Seven & i, the Nikkei newspaper reported ...
Kyodo News on MSN17h
Itochu decides not to join Seven & i management buyout plan
Japanese trading house Itochu Corp has decided not to invest in a management buyout of Seven & i Holdings Co, proposed by its founding family to fend off a takeover bid from its Canadian rival, ...
5 Japan stocks rally on Berkshire's blessing, despite a broader trading slump in Asia
Shares of five Japanese trading houses were on a tear after Buffett wrote in Berkshire Hathaway's annual shareholder letter ...
Nikkei Asia21h
7-Eleven owner left with few options other than Canadian buyout
TOKYO -- Seven & i Holdings is running out of alternatives to a proposed acquisition by Canada's Alimentation Couche-Tard after trading house Itochu decided not to participate in its proposed ...