hostile takeover

Business

Japan’s Seven & i Seeks Preemptive Measures Amid Foreign Takeover Interest

Seven & i Holdings, the operator of 7-Eleven convenience stores, is reportedly seeking enhanced government protection in Japan, just days after revealing that it had received a preliminary takeover offer from Canada’s Alimentation Couche-Tard. This move by the $38 billion company raises concerns as it appears to contradict the Japanese government’s efforts to rejuvenate the economy by encouraging corporate reforms…