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Market Chatter: 7-Eleven Owner Still Considering Options, Including Couche-Tard's Bid
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Market Chatter: 7-Eleven Owner Still Considering Options, Including Couche-Tard's Bid
Jan 9, 2025 5:19 AM

07:54 AM EST, 01/09/2025 (MT Newswires) -- Seven & i Chief Financial Officer Yoshimichi Maruyama said Thursday that the company is still considering options, including Couche-Tard's (ATD.TO) bid, Ito's proposal and a stand-alone growth strategy, The Wall Street Journal is reporting.

"The most important criterion is which choice will likely maximize corporate and shareholder value," Maruyama said, adding that the company hasn't seen all the details needed to make a decision yet. "We are working toward a shareholders' meeting in May...to decide what is best," he said.

This comes as the WSJ noted Seven & i Holdings reported a drop in quarterly net profit but promised to complete restructuring and seek further growth globally as it faced a takeover offer from the Canadian owner of Circle K.

Elsewhere, Bloomberg reported a special committee of Seven & i Holdings Co.'s board is still considering takeover proposals by Alimentation Couche-Tard Inc. ( ANCTF ) and the founding Ito family, although it doesn't have enough information to evaluate them, chief financial officer Yoshimichi Maruyama said.

(Market Chatter news is derived from conversations with market professionals globally, an/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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