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On Monday, Jefferies maintained a Hold rating and a JPY2,000.00 stock price target on Seven & i Holdings Co Ltd (3382:JP) (OTC: SVNDF). This decision follows a report that Seven & i received a preliminary buyout proposal from Alimentation Couche-Tard (ATD CN, Buy). The news of the potential acquisition sent Seven & i's shares to a limit high.
The Nikkei disclosed on Monday that Seven & i had confirmed receiving a non-binding and preliminary offer from Alimentation Couche-Tard. This announcement by the retail giant comes in the wake of speculation regarding the company's future ownership and growth trajectory.
According to the analyst from Jefferies, the offer from Alimentation Couche-Tard is considered plausible. The Canadian multinational has a significant history of successful mergers and acquisitions, having completed over 75 deals, which have added more than 13,000 units to its business since 2004. The firm's ambition to reach a $10 billion EBITDA by 2028 further underscores its capability and strategic intent.
While the potential buyout offer is on the table, there are factors that could influence the final outcome. The transaction's price and possible antitrust issues are among the considerations that could affect whether the deal proceeds.
The market's reaction to the buyout news and the analyst's reiteration of Seven & i's Hold rating suggest a cautious but attentive approach to the unfolding situation. Investors and industry watchers will be closely monitoring the developments between Seven & i and Alimentation Couche-Tard in the coming period.
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