Couche-Tard executives in Japan to push 7-Eleven deal

"We don't want to buy a part of the company," Miller said.

Great, don't end up like French automaker back in 1999.

When you get it, get it as a whole!

Seven & i minority shareholder Artisan Partners this week urged the firm to accept ACT's offer, which the Japanese company said it is studying.

Yes, of course. Because all they want to see are the Benjamins.

I'm a little surprised how aggressive ACT is over acquiring Seven Eleven! It must be a better deal than many think.

The Japanese are hypocrites. I’m all for the buyout of US Steel by Nippon Steel but come on… that has much larger repercussions than an American-turned-Japanese convenience chain being bought out by the Canadians!

Bouchard also told the Nikkei daily that they had asked to meet Seven & i president Ryuichi Isaka and his team but that the request "was declined".

As is ACT offer. The answer is no. ACT does not the cash and they know it.

47 billion seems somewhat low, for the entirety of Seven & I Holdings, no?

7/11 itself bought Speedway in the US only 4 years ago for supposedly 21 billion USD. Cant imagine that Speedway alone accounts for half of 7/11's value.

… that has much larger repercussions than an American-turned-Japanese convenience chain being bought out by the Canadians!

Really, the French said no to similar deal. If France can say no why cant Japan????

The Japanese are hypocrites. I’m all for the buyout of US Steel by Nippon Steel but come on… that has much larger repercussions 

Really? there is 7-11 in every part of Japan. Is there steel plant near you house?????

Great, don't end up like French automaker back in 1999.

When you get it, get it as a whole!

But 7-11 is bigger and better than ACT.

He added that no Canadian executive would be parachuted into Japan to take over the local operations.

BS and he knows it.

Executives from Canada's Alimentation Couche-Tard are in Japan in a bid to overcome resistance to their $47-billion takeover of 7-Eleven's parent but are being given the cold shoulder,

Good tell them to get lost.

Don’t sell out. It’s an inferior company buying a superior one. This should not be allowed to happen. Government should step in and clearly block this.

Something is off that they are so desperate for the deal to happen.

7/11 should do a reverse takeover or start opening up in its ACT territory…..let’s see who survives…..

ForgottenToday  07:08 am JST

Yes, of course. Because all they want to see are the Benjamins.

uh, that would be the borden’s.

"Our offer is a certainty, right, it's cash, versus a hope that (Seven & i) can continue to execute on a plan that's not delivered value over the last years"

the translation is that we will cut costs and raise prices to make more money.

7/11 should do a reverse takeover or start opening up in its ACT territory…..let’s see who survives…..

Huh? You realize 7-11 are operating their stores where Couche-Tard stores are in business. Right?

Fighto!Today  08:36 am JST

7/11 should do a reverse takeover or start opening up in its ACT territory…..let’s see who survives…..

Huh? You realize 7-11 are operating their stores where Couche-Tard stores are in business. Right?

Nope didn’t know……

Always?

A buyout by the Canadians poses absolutely zero national security concerns, whereas with the Japanese buyout of US Steel it’s a legitimate concern for some US politicians. And for the record, Mini Stop is superior to 7-11 in every way.

LOL... take a look people, there has never been a hostile takeover of any healthy large Domestic Japanese Company by a foreign company ever. It is just not allowed. They've willingly sold out in the past but only because they'd have gone bankrupt otherwise. So when a Japanese company is out there trying to buy a foreign company and the foreign company is saying no... I say... "you reap what you sow".

But 7-11 is bigger and better than ACT.

Really? The Circle-Ks seem OK to me. Just like any other Japanese combini, I recall. The Circle-Ks in Vietnam are really good, with their Czech beer, Cadbury's chocolate, Adidas shower gel, etc.

It’s an inferior company buying a superior one..

You gotta be kidding. it's a money-losing mess. You haven't read the articles about the drastic restructuring SEven i is now planning just to stay relevant?

quote: no Canadian executive would be parachuted into Japan to take over the local operations.

Because they don't want to be the next Carlos Ghosn.

theonlyherb

47 billion seems somewhat low, for the entirety of Seven & I Holdings, no?

7/11 itself bought Speedway in the US only 4 years ago for supposedly 21 billion USD. Cant imagine that Speedway alone accounts for half of 7/11's value.

The Speedway acquisition seems like the kind of bad business decision that has put Seven&i in the position they're in.

JeffLee:

You gotta be kidding. it's a money-losing mess. You haven't read the articles about the drastic restructuring SEven i is now planning just to stay relevant?

In the last reported year (‘23) 7&i holdings realized a net income of 235 billion yen. So no, not money-losing.

Alain Bouchard 7&i have no interest whatsoever. Go ahead and operate your little Circle K. Learn to take a NO!

The market usually does what the market wants- barring regulatory hurdles. 7-11 is not sacred - it was a perfectly fine convenience store pre-2005 when in majority foreign ownership.

In any case, takeover or not, it is clear 7 & I have major restructuring to do to stave off future takeovers. Hundreds of their stores have been closing in North America. Breaking up their different businesses is probably just a start.

With the money at stake can you blame the shareholders?

I’m all for the buyout of US Steel by Nippon Steel but come on… that has much larger repercussions 

In terms of strategic importance? Sure. But in terms of revenue, Seven & Holdings is a larger company than Nippon Steel (by about 30% in 2023).

asdfghjklToday  08:13 am JST

Don’t sell out. It’s an inferior company buying a superior one. This should not be allowed to happen. Government should step in and clearly block this.

Japanese hypocrisy at its best. So based on the same logic, US Steel shouldn't sell out and give in to Nippon Steel. This shouldn't be allowed to happen and the US government should step in block this.

Complaining about a Canadian company trying to acquire a Japanese company that acquired an American company. Selective protectionism LOL!!

Circle K was bankrupt when Couche Tard bought it. It's now 2nd only to 7-11. They took an inferior company and it's now challenging for market share.