Trading in Japan's Seven & i halted after Couche-Tard withdraws $47 billion bid to acquire the retailer
CNBCยท2025-07-17 00:28
A 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kawasaki, Japan, on Monday, Aug. 19, 2024.Trading in Seven & i was halted Thursday after Canada's Alimentation Couche-Tard withdrew its $47 billion bid to acquire the Japanese company.Convenience store operator Couche-Tard announced Wednesday that it was pulling its takeover bid for Japan's Seven & i Holdings, saying there was a "persistent lack of good faith engagement.""There has been no sincere or constructive engagement from 7&i that w ...