Couche-Tard offering 14.86 usd/share (Il Sole 24 Ore Radiocor) - Tokyo, 06 Sep - The diversified Japanese retail group Seven & i Holdings said that its board rejected a takeover offer from the Canadian convenience store operator Alimentation Couche-Tard (ACT).

It estimates that the proposal 'grossly' undervalues Seven & i's "intrinsic value and opportunities to unlock that value ." "We believe that the proposal does not adequately acknowledge the multiple and significant challenges such a transaction would face from US competition law enforcement agencies in the current regulatory environment," it added.

Seven & i Holdings said that ACT is offering 14.86 US dollars per share in cash.

AAA-Web

(RADIOCOR) 06-09-24 08:01:27 (0078) 5 NNNN