Couche-Tard’s Failed Bid for 7 & i Sparks Debate Over Japan
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In the wake of the offer being withdrawn Wednesday, analysts expect a likely first move by Couche-Tard is a resumption of its share buyback program.
Canada's Alimentation Couche-Tard (OTCPK:ANCTF) has withdrawn its $47B proposal to buy 7-Eleven parent company Seven & i Holdings (OTCPK:SVNDY) following a long year of discussions. The tie-up would've resulted in a Big Gulp,
Canadian retailer Couche-Tard Inc has announced its withdrawal from its buyout proposal to acquire Seven and I Holdings Co for $47 billion on Thursday.
Tard, the owner of Circle K, withdrew its proposal to Seven & I, citing a lack of engagement. The latter company will
Canadian retailer Alimentation Couche-Tard on Thursday pulled its $47 billion bid to buy Seven & i Holdings 3382.T, citing a lack of constructive engagement by the Japanese retailer.
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Edson DaSilva, 25, of Everett, was sentenced to state prison after pleading guilty to armed robberies of two South Shore convenience stores.
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