Buyout on Hold: Seven & i Investors Eye Execution Before Backing Deal or Strategy
The annual meeting of Seven & i Holdings Co. shareholders is likely to be a low-key event, despite the drama surrounding a company facing a takeover proposal by Alimentation Couche-Tard Inc., the operator of Circle K stores.
Investors appear to be willing to see what happens with the radical overhaul that the Japanese retailer has pledged to counter Couche-Tard's ¥7.39 trillion ($51.5 billion) approach. That effort is being led by Stephen Dacus, Seven & i's newly appointed chief executive officer who will preside over Tuesday's meeting for the first time.
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