Seven & i Holdings Responds to Alimentation Couche-Tard’s Withdrawal
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Seven & I Holdings Co ( (JP:3382) ) has shared an announcement.
Seven & i Holdings Co., Ltd. announced that Alimentation Couche-Tard Inc. has decided to withdraw its proposal to acquire the company, citing changes in the global economy and market conditions. Despite this, Seven & i remains committed to its standalone value creation plan, including the sale of its Superstore Business and an IPO of its North American convenience store business, aiming to return approximately JPY 2 trillion to shareholders by FY2030 through share buybacks.
The most recent analyst rating on (JP:3382) stock is a Hold with a Yen2800.00 price target. To see the full list of analyst forecasts on Seven & I Holdings Co stock, see the JP:3382 Stock Forecast page.
More about Seven & I Holdings Co
Seven & i Holdings Co., Ltd. operates in the retail industry, primarily focusing on convenience stores and supermarkets. The company is known for its 7-Eleven brand and has a significant market presence in North America and Japan.
Average Trading Volume: 6,594,208
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen5708.5B
Learn more about 3382 stock on TipRanks’ Stock Analysis page.
