7-Eleven Parent Asks Circle K Owner to Improve $39B Takeover Bid
Japan's Seven & i Holdings said Monday that it would be open to discussions with the Canadian owner of Circle K stores if the latter improves its $39 billion takeover bid.
Seven & i was responding to a statement by Alimentation Couche-Tard, released late Sunday, which called for more talks. Couche-Tard said it was highly confident that discussions would lead to increased value, and it said it had sufficient capacity to finance the transaction in cash.
"We are disappointed in 7&i's refusal to engage in friendly discussions," Couche-Tard said...
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