Japan – Extra on Seven & i – no actionable proposal at the moment

Seven & i affirm earlier stories:

• Discovered from Junro Ito, vp and a consultant director of seven&i, and Ito-Kogyo Co., Ltd. that they’ve been unable to safe the financing required to submit a definitive proposal to amass 7&i.
• 7&i stays dedicated to exploring all alternatives to unlock worth for shareholders and continues to evaluate a full vary of strategic options, together with the proposal from Alimentation Couche-Tard.
• The particular committee is partaking constructively with ACT to find out if an actionable proposal will be achieved that addresses the intense U.S. antitrust challenges that any such transaction would face.
• There isn’t a actionable proposal from Mr. Junro Ito and Ito-Kogyo for 7&i to think about at the moment.

Earlier, by way of a report in Japanese media:

• Japan – Seven & i to surrender administration buyout after Itochu withdraws

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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