The Japanese owner of convenience store chain 7-Eleven has rejected a $38bn (£29.2bn) takeover bid from Canadian rival Alimentation Couche-Tard.
In a letter addressed** **to the prospective buyer, Seven & i Holdings said the Circle K owner’s offer “grossly” undervalued the company and was fraught with regulatory risk.
Rampsquatch@sh.itjust.works 2 months ago
If circle K bought seven eleven then there wouldn’t be any reasonable competition in Canada, they aren’t wrong when they say “fraught with regulatory risk”.