7-Eleven’s parent company rejects takeover proposal, says offer ‘grossly undervalues’ company

Key Points

The company said the proposal was “opportunistically timed and grossly undervalues our standalone path and the additional actionable avenues we see to realize and unlock shareholder value in the near- to medium-term.”
Even if Couche-Tard increases its offer “very significantly,” Seven & i said the proposal does not consider the “multiple and significant challenges” the takeover would have from U.S. anticompetition agencie.

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