1. What is the current status of 7-Eleven's takeover bid?
7-Eleven has rejected a takeover offer from Alimentation Couche-Tard Inc., indicating that the bid was too low and did not align with the best interests of its shareholders.
2. How much was the rejected takeover offer worth?
The rejected takeover offer was valued at approximately $38.6 billion, or about 5.5 trillion yen based on current exchange rates.
3. What was the price per share of the rejected offer?
The offer was made at $14.86 per share in cash.
4. Why did 7-Eleven reject the takeover bid?
7-Eleven rejected the bid because it significantly underestimates the convenience store sector's potential and fails to adequately address regulatory issues in the United States.
5. How many locations does 7-Eleven operate globally?
7-Eleven operates over 86,000 locations across Japan, the U.S., and various Asian countries.
6. What is the significance of the regulatory concerns in the U.S.?
A potential merger could encounter challenges in securing regulatory approval in the U.S., which is a significant concern for 7-Eleven.
7. What is the current market value of 7-Eleven?
The market value of 7-Eleven has rallied since the news of the offer broke last month, pushing its market value above $38 billion.
8. How many stores does Alimentation Couche-Tard operate globally?
Alimentation Couche-Tard manages approximately 17,000 stores in 31 nations, including the U.S., Europe, Canada, and Japan.
9. What is the history behind 7-Eleven's global expansion?
7-Eleven traces its origins to Dallas, Texas, but it was the late Japanese entrepreneur Masatoshi Ito who is credited with turning it into a ubiquitous global brand.
10. What recent restructuring strategy has 7-Eleven implemented?
In April, 7-Eleven unveiled a restructuring strategy aimed at bolstering its U.S. operations and optimizing processes, which included the closure of several Ito-Yokado supermarkets in Japan.
11. What other significant business moves has 7-Eleven made recently?
7-Eleven has also divested its department store business in Japan to Fortress Investment Group for $1.5 billion and sold 293 Speedway and 7-Eleven stores to three separate buyers.
