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ALIMENTATION COUCHE-TARD ANNOUNCES WITHDRAWAL OF PROPOSAL TO ACQUIRE SEVEN & I HOLDINGS DUE TO LACK OF ENGAGEMENT
ALIMENTATION COUCHE-TARD ANNOUNCES WITHDRAWAL OF PROPOSAL TO ACQUIRE SEVEN & I HOLDINGS DUE T...
About this update from Alimentation Couche-tard Inc.
[{"type":"text","content":"\n\n\n\n ALIMENTATION COUCHE-TARD ANNOUNCES WITHDRAWAL OF PROPOSAL TO ACQUIRE SEVEN & I HOLDINGS DUE TO LACK OF ENGAGEMENT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n\n\n\n\n ALIMENTATION COUCHE-TARD ANNOUNCES WITHDRAWAL OF PROPOSAL TO ACQUIRE SEVEN & I HOLDINGS DUE TO LACK OF ENGAGEMENT\n \n\n Canada NewsWire\n \n\n\n\n\n Issues Letter to\n \n\n the\n \n\n Board of Directors of Seven & i Holdings Co., Ltd.\n \n\n\n\n\n LAVAL, QC\n \n\n ,\n \n\n July 16, 2025\n \n\n /CNW/ - Alimentation Couche-Tard (\"Couche-Tard\" or the \"Corporation\") (TSX: ATD) announced today that it has withdrawn its proposal to acquire Seven & i Holdings Co., Ltd. (\"Seven & i\") due to a lack of constructive engagement by Seven & i. Couche-Tard sent the following letter to the Board of Directors:\n \n\n\n\n\n\n\n\n\n\n July 16, 2025\n \n\n\n Board of Directors\n \n Seven & i Holdings Co., Ltd.\n \n 8-8, Nibancho, Chiyoda-ku,\n \n Tokyo\n \n 102-8452,\n \n Japan\n \n\n\n Members of the Board of Directors:\n \n\n We continue to believe that a combination of Seven & i Holdings (\"7&i\") and Alimentation Couche-Tard (\"ACT\") would create a global leader in convenience with the ability to better serve our stakeholders, grow the 7-Eleven brand and generate value for our respective shareholders.\n \n\n As you know, earlier this year we submitted a proposal of ¥2,600 per ordinary share in cash, representing a 47.6% premium to your unaffected stock price. We have, for some time, tried to engage with your Special Committee on this proposal through constructive, friendly dis...