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BRIEF-Seven & I Holdings Co Ltd - 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
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BRIEF-Seven & I Holdings Co Ltd - 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
Sep 5, 2024 5:43 PM

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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