The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2024 AFP7-Eleven owner restructures itself to fight takeover
By Simon STURDEE TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2024 AFP
12 Comments
Login to comment
Yubaru
So even if the government considers 7-11 to be a "core industry" they are going to do nothing to stop the takeover?
sakurasuki
Claiming as Industry that have impact to national security?
https://www.reuters.com/markets/deals/japanese-companies-cannot-use-national-security-cover-block-takeovers-official-2024-09-03/
ArtistAtLarge
While those of you living in Japan may take the combini for granted, to the rest of the world Japanese combinis are nothing short of amazing and light years ahead of the rest of the world.
I would hate to see a foreign company who may not care as much about quality take over.
That said, Couche-Tard seems slightly better than some of the others. But I would still be concerned about quality.
syniksan
The more the oyajis dig in their jingoistic heels the more I want to see ACT win this takeover.
Spidey
"showed flagging sales" should it not be, "showed lagging sales"?
S
Speed
I actually like the current 7/11 services and products. It's my favorite of the big three convenience stores here in Japan. They seem to be doing everything "right."
Fighto!
7-11 was perfectly fine pre-2005, if you cannot recall.
Foreigners who occasionally visit Japan seem to be the most anxious about this possibility. Any change to "their Japan" freaks them out it seems.
syniksan
Foreigners who occasionally visit Japan seem to be the most anxious about this possibility. Any change to "their Japan" freaks them out it seems.
We have to bow and scrape to them. They're having such a positive impact on the value of then Yen and rice consumption.
Some dude
As someone who's never studied this stuff, can 7-11 just keep saying "no" however much the Canadian side offers?
Or does there come a point where the sheer force of numbers (i.e. amount of money) can overcome all resistance?
I understand that there are "friendly" and "hostile" takeovers, but I don't know how it all works. Any MBA types here?
GBR48
quote: can 7-11 just keep saying "no".
A listed company is owned by shareholders and they can vote to remove the people saying 'no', replace them with others, and bank some cash selling their shares when the price goes up.
You might think that a foreign company would be a better employer than any part of Japan Inc., but takeovers always lead to asset stripping and a decline in service. Foreign investors will care even less than Japanese investors about anything that happens in Japan bar the numbers on the balance sheet. Unprofitable and lower profit stores and services would close, lower profit products would vanish. Bad news for depopulating areas that depend upon them.
I'd be surprised if the Japanese government allowed this. The French government have set a precedent.
Hercolobus
Good, do not sell your food industries.