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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Seven & i Holdings Co. is pursuing a ¥9 trillion ($60 billion) management buyout that will include an IPO for its North American convenience stores and gasoline stations. This move aims to alleviate financing concerns amid a competing ¥7.1 trillion offer from Alimentation Couche-Tard Inc. The Ito family is working to formalize their proposal while planning to use the IPO proceeds to repay loans from three major Japanese banks involved in the buyout.
Alimentation Couche-Tard Inc. is determined to pursue its acquisition of Seven & i Holdings Co., despite a competing management buyout proposal valued at approximately $58 billion. CEO Alex Miller emphasized the company's commitment to a friendly approach that benefits all stakeholders involved.
Alain Bouchard, founder and chairman of Alimentation Couche-Tard Inc., has ruled out a hostile takeover of Seven & i Holdings Co. while maintaining his ¥7.3 trillion ($47.3 billion) buyout proposal. This follows a competing ¥9 trillion management buyout offer from the Ito family, backed by banks and Itochu Corp.
Shares of Seven & i surged nearly 11% following reports that its founding family is raising over $50 billion to take the company private by March 2025. The funds will be sourced from major Japanese and American financial institutions for a tender offer. This potential acquisition could mark the largest buyout of a Japanese company to date.
Seven & i Holdings Co. is exploring a management buyout to go private, potentially valued at ¥9 trillion ($58 billion), with backing from banks, Itochu Corp., and the founding Ito family. This move may be a strategic response to increased interest from Alimentation Couche-Tard Inc. in acquiring the company.
Seven & i Holdings Co. plans to reduce its stake in Seven Bank Ltd. to 38% as part of a strategic overhaul amid a takeover approach from Canada's Alimentation Couche-Tard Inc. The move could generate approximately ¥30 billion ($195 million) by the end of the current fiscal year in February.
Seven & i Holdings Co. plans to split into two entities and expand internationally, aiming for group revenue of ¥30 trillion ($197 billion) by the 2030 fiscal year, nearly doubling from ¥17.7 trillion in 2023. CEO Ryuichi Isaka highlighted the strategy's focus on enhancing convenience-store operations abroad amid interest from Alimentation Couche-Tard Inc.
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