Couche-Tard Got Seven & i Wrong From the Start
The primary concern for millions of Japanese around the ¥6.77 trillion ($45.8 billion) bid for Seven & i Holdings Co. was that Canada's Alimentation Couche-Tard Inc. would, in search of improving shareholder value, destroy the customer experience that has made the Japanese convenience store, or conbini, a global sensation. That threat seems to have faded after Couche-Tard on Thursday abandoned its bid, citing a lack of 'sincere or constructive engagement.'
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