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Japanese retailer Seven & i Holdings is reportedly considering the sale of its US 7-Eleven outlets to address antitrust concerns amid takeover discussions with Alimentation Couche-Tard. While the company has not accepted Couche-Tard’s US$47 billion acquisition proposal, it indicated that divesting US stores would be necessary for the deal to move forward. The two companies have signed a confidentiality agreement to explore potential buyers for the US operations.
Alimentation Couche-Tard (TSE:ATD) has received a price target reduction from JPMorgan Chase & Co., now set at C$86.00, indicating a potential upside of 29.13%. Analysts have generally rated the stock as a "Moderate Buy," with a consensus price target of C$87.23, despite recent trading down 2% to C$66.60. The company operates convenience stores across North America, Europe, and Asia, offering a range of products including fuels and food items.
Alimentation Couche-Tard (TSE:ATD) has seen its price target lowered by UBS Group from C$97.00 to C$94.00, indicating a potential upside of 38.54%. Analysts have mixed ratings, with two holding, nine buying, and one strong buy, while the stock currently trades at C$67.85, down from a 12-month high of C$85.53. The company operates convenience stores across North America, Europe, and Asia, offering a range of products including fuels and food items.
Alimentation Couche-Tard is actively promoting its $47 billion bid for Seven & i, the owner of 7-Eleven, amid resistance from the Japanese retailer, which cites antitrust concerns. The Canadian firm, which has increased its offer to $18.19 per share, is seeking to address public fears about a foreign takeover affecting food quality. Couche-Tard's founder expressed frustration over limited access to information and the lack of engagement from Seven & i, especially following recent board resignations.
Weindling's portfolio highlights strong performers like Nintendo and Asics, which are gaining market share and reporting significant profits. Despite challenges such as a global recession and regional instability, Japan's appeal is bolstered by a surge in tourism and corporate reforms, attracting investors like Warren Buffett. The shift in corporate governance is prompting Japanese firms to enhance shareholder value, evidenced by increased buybacks and dividends.
Seven & i Holdings is set to announce a new CEO and a restructuring plan amid a $47 billion takeover bid from Alimentation Couche-Tard. Stephen Dacus, the lead outside director, is expected to succeed Ryuichi Isaka, marking the first time a foreign-born executive will lead the company. The restructuring may involve selling non-core assets to Bain Capital for over 700 billion yen, as the company faces pressure from investors and a competitive bidding landscape.
Alimentation Couche-Tard remains interested in a "friendly" takeover of Seven & i, the Japanese owner of 7-Eleven, after a rival buyout plan faltered. Despite a previous rejection of a nearly $40 billion offer, ACT aims to create a global retail leader while addressing regulatory concerns and maintaining Seven & i's role in Japan's emergency response infrastructure.
Alimentation Couche-Tard (TSE:ATD) has received a C$97.00 price target from UBS Group, indicating a potential upside of 19.22%. While the stock holds a "Moderate Buy" rating, it was not included in a list of top stocks recommended by analysts, who favor five other stocks instead. Currently, the stock is trading at C$81.36, with an average price target of C$88.50 from various analysts.
Alimentation Couche-Tard (TSE:ATD) has received a price target of C$97.00 from UBS Group, indicating a potential upside of 19.22%. While the stock holds a "Moderate Buy" rating, it was not included in a list of top stocks recommended by analysts, who favor five other options. The company's shares recently traded at C$81.36, with an average price target of C$88.50 from various analysts.
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