Analysts say the counterintuitive takeover bid for the Japanese operator of 7-Eleven could prove worthwhile and successful if the Canadian buyer allows the storied convenience store chain to continue its growth and expand globally.
“7-Eleven is a mature company. It is very profitable. It generates free cash flow and they are increasing shareholder returns,” said Satoru Aoyama, analyst and senior director of Asia-Pacific corporates at Fitch Ratings.
“Foreign companies, international management, they can just be capitalists. They can just be shareholders. They can give KPIs to local management and let them run the companies,” he said, using the acronym for key performance indicators.
