The company based in Quebec, which operates Circle K Stores, continues to imagine that there may be “a unique strategic fit” through a merger with Seven & I Holdings, said Alex Miller, CEO of Couch-Tard, on Wednesday.
Miller’s comments got here after Sieben and last week I published a letter that he sent to the leadership of Couche-Dard in September, which explained why he rejected the Canadian company’s offer.
The letter from Stephen Dacus, who was the chairman of the Japanese company on the time and have become managing director since then, was “not in the best interest of seven and I shareholders and other stakeholders”. The company also said that it intends to extend its own company value and triggered antitrust concerns within the USA
“We are open to sincere discussions if you should present a proposal that completely recognizes our independent intrinsic value,” Dacus wrote.
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Couchen-Dard undeterred within the persecution of shopping for seven & i
In an interview with analysts during a conference call, Miller said on Wednesday that his company was not a matter after all.
“We have repeated several times in the past few months that we intend to be friendly and persistent in a transaction that we believe is in the best interest of everyone involved,” he said.
“We did this in the face of considerable frustration and distraction. We look forward to a fulsomous examination of Seven & I so that we can achieve final terms and go forward.”
In October, Seven & I received a revised non-binding proposal from Couche-Tard that media reports were proposed, a price of $ 47 billion, about 22% higher than a proposal made in August.
