If Alimentation Couche-Tard’s proposed takeover of Seven & i Holdings proves successful, it would not only be the largest takeover of a Japanese company, but also an extremely rare one.
The Canadian convenience store chain’s preliminary proposal to buy 7-Eleven owner Seven & i Holdings could be worth more than ¥5.63 trillion ($38.4 billion) based on the Japanese company’s market value after news of the potential deal broke.
Until now, an attempt to take over such a well-known Japanese company on such a large scale would have been dismissed as audacious and unlikely, given the protectionist tendencies of the government and works councils, which value stability over shareholder value.
