Alimentation Couche-Tard Inc.’s incoming CEO says the company is convinced it can close on a blockbuster bid to take over 7-Elevenowner Seven & i Holdings Co. Ltd.
Alex Miller, who is set to replace outgoing CEO Brian Hannasch on Friday, said he is confident in the company’s ability to finance and complete the proposed deal.
“We see a strong opportunity to grow together, enhance our offerings to customers and deliver a compelling outcome for the shareholders, employees and key constituencies of both companies,” Miller told analysts on a conference call Thursday.
Laval, Que.-based convenience store chain Couche-Tard revealed in mid-August that it had made a friendly, non-binding bid to acquire all outstanding shares in Seven & i, which said it would convene a special committee of its board of directors to review the offer.
Citing an unnamed source, Asian business outlet Nikkei reported that Seven & i planned to notify Couche-Tard its offered price was too low. The Japanese company would also cite remaining regulatory concerns in a letter to CoucheTard’s board, the report said.
Bu hikaye Toronto Star dergisinin September 06, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Toronto Star dergisinin September 06, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Toronto becoming a hollow city of lost histories
In Toronto, we often pride our selves on being a city that cherishes its past while embracing the future.
Singh is an inspiration, but he must go
I forget exactly how it happened, but a few months ago, on a patio in Toronto's west end, the name Rupi Kaur arose.
Clarke is not the problem, the system is
Rationale for actions sheds light on promotional, hiring process
Portrait's retrieval as shocking as its theft
Industry experts say investigators' discovery of famous photo on another continent is a remarkable, and rare, event
Eby vows involuntary care for addictions
Premier says province 'taking action' to keep vulnerable people, communities safe
At least 8 dead in English Channel crossing
At least eight people died during a failed attempt to cross the English Channel from northern France, French maritime authorities said Sunday.
Traffic will never go back to the way it was
My doctor has an annoying habit.
Stakes high as parties jostle in byelections
Tories threaten NDP’s Winnipeg stronghold, Trudeau not included on Montreal candidate's signs
'Shogun' wins top drama in historic night for show
‘The Bear’ wins acting awards but Hacks’ takes best comedy
Ottawa extends ban on Iranian officials
The federal government is expanding a measure that bans tens of thousands of Iranian officials from entering Canada as part of an effort to hold the regime accountable for human-rights violations.