Japan – More on Seven & i – no actionable proposal at this time

Seven & i confirm earlier reports:

  • Learned from Junro Ito, vice president and a representative director of 7&i, and Ito-Kogyo Co., Ltd. that they have been unable to secure the financing required to submit a definitive proposal to acquire 7&i.
  • 7&i remains committed to exploring all opportunities to unlock value for shareholders and continues to assess a full range of strategic alternatives, including the proposal from Alimentation Couche-Tard.
  • The special committee is engaging constructively with ACT to determine if an actionable proposal can be achieved that addresses the serious U.S. antitrust challenges that any such transaction would face.
  • There is no actionable proposal from Mr. Junro Ito and Ito-Kogyo for 7&i to consider at this time.

Earlier, via a report in Japanese media:

This article was written by Eamonn Sheridan at www.forexlive.com.

Source link

Get RawNews Daily

Stay informed with our RawNews daily newsletter email

Pacman Jones Rips Mike Brown Haters After Chase, Higgins Deals, ‘Shove It Up Your Ass’

Rishabh Pant Given Big T20I Return Challenge Ahead Of IPL 2025: “Don’t Have To Compete With Sanju Samson”

Why isn’t everyone aiming for £37m in stocks and shares?

WHO EMRO | Eighty percent of WHO-supported facilities in Afghanistan risk shutdown by June | News