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7-Eleven owner rejects $38.7bn buyout offer from rival (www.bbc.com)

submitted 3 months ago* (last edited 3 months ago) by MicroWave to c/economics

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The Japanese owner of convenience store chain 7-Eleven has rejected a $38bn (£29.2bn) takeover bid from Canadian rival Alimentation Couche-Tard.

In a letter addressed to the prospective buyer, Seven & i Holdings said the Circle K owner's offer "grossly" undervalued the company and was fraught with regulatory risk.

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[–] [email protected] 7 points 3 months ago* (last edited 3 months ago) (1 children)

If Circle K bought 7/11 then there wouldn't be any reasonable competition in Canada, they aren't wrong when they say "fraught with regulatory risk".

[–] [email protected] 1 points 3 months ago

It seems other monopolists and their oligopolies are doing fine.