Sept 6 (Reuters) - Seven & i Holdings Co Ltd ( SVNDF ):
* SEVEN & I HOLDINGS CO LTD ( SVNDF ) - SEVEN AND I HOLDINGS' ( SVNDF ) BOARD RESPONDS TO
NON-BINDING
PROPOSAL FROM ALIMENTATION COUCHE-TARD INC
* SEVEN & I HOLDINGS CO LTD ( SVNDF ) - WE BELIEVE THAT PROPOSAL DOES NOT ADEQUATELY
ACKNOWLEDGE MULTIPLE AND SIGNIFICANT CHALLENGES SUCH A TRANSACTION WOULD FACE
FROM U.S. COMPETITION LAW ENFORCEMENT AGENCIES IN CURRENT REGULATORY ENVIRONMENT
* SEVEN & I HOLDINGS CO LTD SAYS COUCHE-TARD OFFERED TO BUY SEVEN & I
SHARES AT
$14.86 PER SHARE IN CASH
* SEVEN & I HOLDINGS CO LTD ( SVNDF ) - OPEN TO SINCERELY CONSIDER ANY PROPOSAL THAT
IS IN
THE BEST INTERESTS OF 7&I SHAREHOLDERS AND OTHER STAKEHOLDERS
* SEVEN & I HOLDINGS CO LTD ( SVNDF ) - HOWEVER, WE WILL RESIST ANY PROPOSAL THAT
DEPRIVES
OUR SHAREHOLDERS OF THE COMPANY'S INTRINSIC VALUE OR THAT FAILS TO SPECIFICALLY
ADDRESS VERY REAL REGULATORY CONCERNS.
* SEVEN & I HOLDINGS CO LTD ( SVNDF ) - 7&I BOARD HAS UNANIMOUSLY CONCLUDED, BASED ON
THE
UNANIMOUS RECOMMENDATION OF THE SPECIAL COMMITTEE, THAT THE PROPOSAL IS NOT IN
THE BEST INTEREST OF 7&I SHAREHOLDERS AND OTHER STAKEHOLDERS
* SEVEN & I HOLDINGS CO LTD ( SVNDF ) - WE ARE OPEN TO ENGAGING IN SINCERE DISCUSSIONS
SHOULD YOU PUT FORTH A PROPOSAL THAT FULLY RECOGNIZES OUR STANDALONE INTRINSIC
VALUE AND ADDRESSES OUR CONCERNS REGARDING CERTAINTY OF CLOSING IN THE CURRENT
REGULATORY ENVIRONMENT
* SEVEN & I HOLDINGS CO LTD ( SVNDF ) - EVEN IF COUCHE-TARD WAS ABLE TO IMPROVE VALUE
ELEMENT OF ITS PROPOSAL VERY SIGNIFICANTLY, THE PROPOSAL DOES NOT ADEQUATELY
ACKNOWLEDGE MULTIPLE AND SIGNIFICANT CHALLENGES
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