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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Canada’s Alimentation Couche-Tard has withdrawn its record-breaking $46bn proposal to acquire Japan’s Seven & i Holdings, bringing an end to its year-long campaign to pull the 7-Eleven owner to the negotiating table on friendly terms. … Read more
A 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kawasaki, Japan, on Monday, Aug. 19, 2024. Bloomberg | Bloomberg | Getty Images 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 … Read more
Japan’s Nikkei reported that Seven & i’s president Ryuichi Isaka will be replaced by Stephen Dacus, who also worked for Walmart’s Japanese arm. Read More
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