💨 Abstract

Canadian retail chain Alimentation Couche-Tard has withdrawn its acquisition proposal for Seven & i Holdings, the operator of 7-Eleven. The decision follows frustrating negotiations and a lack of engagement from Seven & i. Couche-Tard offered 2,600 yen per share, up from a previous offer of 2,200 yen, with a 47.6% premium to the stock price.

Courtesy: WTOP Staff