TOKYO -- Canadian retailer Alimentation Couche-Tard has called it quits after a yearlong siege to take over Japan's iconic Seven & i Holdings. Market experts see the withdrawal as an invitation for activist investors to step up their campaigns to push for more change in corporate Japan.
Business deals
Seven & i deal collapse seen sending signals to activist investors
M&A in Japan likely to remain robust as foreign buyers gain insights
Alimentation Couche-Tard’s attempt to buy the operator of the 7-Eleven convenience store chain was widely seen as a litmus test for Japanese conglomerates’ openness to M&A bids by foreign acquirers. (Source photos by AP and Kosuke Imamura)
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