Jinjoo Lee

CouchTard approaches 7-11 first in August, and they offer about $39 billion. And Seven and I rejected that offer and basically said, and this is in their words, they said the price was grossly undervaluing the company. And they also said there would be multiple regulatory barriers, particularly in the U.S.

Yes, exactly.

Yes, exactly.

Yes, exactly.

If you're a shareholder of Seven and I, then you would want the company to seriously entertain the deal. unless the company can come up with a better plan that can bump the company's stock even more.

If you're a shareholder of Seven and I, then you would want the company to seriously entertain the deal. unless the company can come up with a better plan that can bump the company's stock even more.

If you're a shareholder of Seven and I, then you would want the company to seriously entertain the deal. unless the company can come up with a better plan that can bump the company's stock even more.

They came up with an offer to take the company private for $58 billion.

They came up with an offer to take the company private for $58 billion.

They came up with an offer to take the company private for $58 billion.

You know, are they just like posturing just to try to get Kushitar to bid something higher? Yeah. Or are they so averse to a foreign takeover that they are willing to put up that amount of money?

You know, are they just like posturing just to try to get Kushitar to bid something higher? Yeah. Or are they so averse to a foreign takeover that they are willing to put up that amount of money?

You know, are they just like posturing just to try to get Kushitar to bid something higher? Yeah. Or are they so averse to a foreign takeover that they are willing to put up that amount of money?

So from the perspective of 7-Eleven's current management, they might be skeptical that a foreign company with zero experience in Japan could run the business successfully. So can a Canadian company really understand the nuances of Japanese consumer preference and how to run a convenience store in Japan?

So from the perspective of 7-Eleven's current management, they might be skeptical that a foreign company with zero experience in Japan could run the business successfully. So can a Canadian company really understand the nuances of Japanese consumer preference and how to run a convenience store in Japan?

So from the perspective of 7-Eleven's current management, they might be skeptical that a foreign company with zero experience in Japan could run the business successfully. So can a Canadian company really understand the nuances of Japanese consumer preference and how to run a convenience store in Japan?

And then there's also a general reluctance to sell a company that's kind of so core to their culture and to their everyday lives.

And then there's also a general reluctance to sell a company that's kind of so core to their culture and to their everyday lives.

And then there's also a general reluctance to sell a company that's kind of so core to their culture and to their everyday lives.

because if a foreign company can successfully buy Japan's largest convenience store chain, does that sort of open the door for other corporate crown jewels to get sold to the highest foreign bidder?