, Columnist
Couche-Tard’s 7-Eleven Bid Is Neatly Opportunistic
Japanese stocks swoon and up pops a foreign bidder both eager to expand and renowned for audacious moves. But there’s some genuine logic here too.
Oh thank heaven?
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Barely weeks after the Japanese stock market’s stunning roller-coaster ride, here comes a hugely ambitious takeover approach for a target whose defenses were already weak — iconic convenience store operator Seven & i Holdings Co.
Suitor Alimentation Couche-Tard Inc. is clearly being opportunistic here. But at the same time, the Canadian bidder is spying an acquisition that’s more logical than its failed tilt at France’s Carrefour SA three years ago.