FilingReader Intelligence
Seven & i rejects Couche-Tard bid, plans shareholder returns
July 17, 2025 at 02:09 AM UTC•By FilingReader AI
Seven & i Holdings confirmed Alimentation Couche-Tard unilaterally withdrew its acquisition proposal, citing changes in global economic conditions since the initial offer.
The Japanese company will proceed with its standalone plan, including an IPO of its North American convenience store business and superstore asset sales. Seven & i aims to return approximately 2 trillion yen to shareholders through buybacks by 2030.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
TSE:3382•Tokyo Stock Exchange
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