TOKYO,
Aug. 19,
2024 /PRNewswire/ -- Seven & i Holdings ("the
Company") today made the following comment in response to media
reports stating it has received an acquisition proposal by
Alimentation Couche-Tard Inc. ("ACT").
The Company confirmed that it has received a
confidential, non-binding and preliminary proposal by ACT to
acquire all outstanding shares of the Company. The Board of
Directors of the Company has formed a Special Committee of the
Board of Directors, comprised solely of independent outside
directors, led by Stephen Hayes
Dacus, as Chairperson of the Board of Directors, to review
the proposal. Consistent with its obligation to act in the best
interest of its shareholders and other stakeholders of the Company,
the Special Committee intends to conduct a prompt, careful and
comprehensive review of the proposal, the Company's stand-alone
plans and other alternatives for enhancing corporate value, after
which a response will be made to ACT.
Neither the Board of Directors nor the Special
Committee has made any determination at this time to either accept
or reject the proposal from ACT, to enter into discussions with ACT
or to pursue any alternative transaction.
The Company will promptly announce when the
Company decides or has matters to be disclosed.
Media Contacts
Kekst CNC
Ruth Pachman / Nathan Riggs
ruth.pachman@kekstcnc.com / nathan.riggs@kekstcnc.com
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SOURCE Seven & i Holdings Co., Ltd.