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The Quebec-based company, which operates Circle K stores, continues to believe there is “a unique strategic fit” to be realized through a merger with Seven & i Holdings, Couche-Tard CEO Alex Miller said Wednesday.
Miller’s comments came after Seven & i publicized a letter last week that it sent to Couche-Tard’s leadership in September explaining why it was rejecting the Canadian company’s offer.
The letter by Stephen Dacus, who was chair of the Japanese company at the time and has since become chief executive, had said Couche-Tard’s proposal was “not in the best interest of Seven & i shareholders and other stakeholders.” The company also said it intends to boost its own corporate value and has raised antitrust concerns in the U.S.
“We are open to engaging in sincere discussions should you put forth a proposal that fully recognizes our stand-alone intrinsic value,” Dacus wrote…
Poilievre, Singh call on Carney to publicly disclose assets, possible conflicts – National Post
– news.google.ca
Stock market news for investors: Shopify’s new exchange, Google’s acquisition, Nvidia’s launches and OTPP’s performance
– moneysense.ca
Here’s a round-up of news for Canadian investors this week.
Shopify
Nvidia
Ontario Teachers’ Pension Plan
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