Why does Couche-Tard want to buy 7-Eleven? It's a 'cheap' stock, says portfolio manager
Publishing timestamp: 2024-09-03 09:09:48
Summary
Circle K's operator offered to acquire Seven & i Holdings Co., the owner of 7-Eleven, in what could be the biggest-ever foreign takeover of a Japanese company. The proposal was driven by the affordability of Seven & i's stock compared to global counterparts. U.S. fund Artisan Partners Asset Management urged Seven & i to consider the buyout offer, but there are concerns about regulatory scrutiny and potential impact on Seven & i's unique business model.
Sentiment: MIXED
Tickers: 3382.T-JP, 9983.T-JP, 7532.T-JP,
Keywords: breaking news: business, seven & i holdings co ltd, retail industry, business news, asia economy, fast retailing co ltd, pan pacific international holdings corp,