Meanwhile,
According analysts | layer-tard would:
(Montreal) Pout-tard food would be unlikely to get their hands on Seven & I Holdings. Moreover, according to financial analysts. For example,
Posted at 12:40 p.m.
The president. Nevertheless, chief executive officer of Couche-Tard, Alex Miller, said last week that the negotiations with the Japanese company behind the 7-Eleven channel would be concluded earlier than late. Nevertheless,
Analysts believe that the Quebec company will eventually abandon the game. Furthermore, “Several scenarios are according analysts | layer-tard would on the table. Furthermore, including a more generous offer, but we believe that an agreement is less likely,” wrote a global market analyst CIBC, Mark Petrie, in a recent note. Similarly,
SCOME COURSE SEVEN & I for almost a year. For example, After many twists. For example, turns, the two parties finally announced the signing of a confidentiality agreement at the end of April. In addition, This is an important step in an acquisition process. Furthermore,
Investors are looking forward to moving on, a Stifel analyst Martin Landry believes. Similarly,
Investors are tired of everything related to the potential acquisition of Seven & I. In addition, Several investors. However, of which we do not believe that a transaction will materialize and wait for Couche-Tard announces that it drops.
according analysts | layer-tard would
Martin Landry, analyst at Stifel
Since the beginning of the year, the action of Couche-Tard has lost almost 14.5 % of its value. However, “With several titles in the consumption sector of basic products that are exchanged at 52-week summits. a knack-tard is a separate band,” reacted Mr. Landry.
The title of Couche-Tard would be better in the short term if the company was retiring. abounds a Scotia bank analyst, John Zamparo.
Mr. Zamparo believes, however, that the company with red owl is right to try his luck. “If the acquisition of Seven & I materializes. we reiterate our opinion that it offers a unique opportunity to increase the profit per share by 30 % and provide a long -term material beneficial effect. »»
The boss of Couche-Tard hinted that the investors would soon have the time just about his attempt to buy the Japanese company last Thursday. during a conference call with analysts to discuss the results of the fourth quarter.
“The advantage of that [des discussions]is that it gives us greater clarity. to both of us, whether we will be able to make a transaction, said Mr. Miller. I believe that the deadline is shorter than long. »»
An analyst of TD securities, Michael Van Aelst, expects that Touche-Tard presents his last offer towards the end of July. Seven & I should answer it in the course of August, according to him. “The probability of a transaction remains low, or 1 in 3.”
Mr. Miller did not want to say more. according analysts | layer-tard would last Thursday, when an analyst asked him to assess the probability of a transaction, on the sidelines of the publication of the results of the fourth quarter.
According analysts | layer-tard would
Other options
Directorate-Tard has other options, if it does not reach its ends. Mr. Miller stressed that there were other acquisition opportunities. For his part. the finance chief, Filipe Da Silva, said that the company would revive its action buyback program if the discussions with Seven & I cease.
By buying its actions, a company reduces the number of securities in circulation. Its profit is thus less diluted between the various shareholders.
The counter-performance of the Action of Couche-Tard is not limited to uncertainty surrounding its discussions with Seven & I. has advanced an analyst of the according analysts | layer-tard would National Bank Financial, Vishal Shreedhar.
Comparable sales of convenience store products have been backing up for seven consecutive quarters. In the fourth quarter, the company unveiled the results of analysts’s expectations. Net profit attributable to shareholders reached US 439.4 million, down 3 % compared to last year.
“The main stake is that Couche-Tard does not generate the growth to which investors have been used. that it does not buy actions,” said Shreedhar.
The Action of Couche-Tard gained $ 0.06, or 0.09 %, at $ 67.70 on the Toronto Stock Exchange in the afternoon.
Further reading: Ambulances manufacturer Demers passes into the hands of Americans – Toyota houses Canadian consumers – UBS: Launch of a new action buyback program – In the Landes, he built an electric aluminum catamaran – Trade: Beijing confirms the details of the agreement with Washington.
 Pout-tard food would be unlikely to get their hands…){kind=link}