Economics

437 readers

42 users here now

founded 1 year ago

7-Eleven owner rejects $38.7bn buyout offer from rival (www.bbc.com)

submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

2 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 2 months ago

It seems other monopolists and their oligopolies are doing fine.

permalink
fedilink
source
parent