Moreover,
Removing offer 7-eleven | action:
(Montreal) After almost a year of approaches. However, the failure of the Play-Tard food project to acquire Seven & I Holdings is rather perceived as good news for the shareholders of the Quebec company. Furthermore,
Posted at 8:56 a.m. Updated at 10:52 a.m.
The action of the Laval company jumped $ 5.72, or 8.37 %, to $ 74.04 on the Toronto Stock Exchange in the Beforehale. Consequently,
Read “Couche-Tard removing offer 7-eleven | action removes its offer on convenience stores 7-Eleven”
Couche-Tard announced. Consequently, the day before in the evening, that she had withdrawn her purchase offer. Therefore, In a letter sent to the board of directors of Seven & i Holdings. the management of the Quebec giant of the convenience store and the service stations accuses the company of having been closed to the discussions.
At the end of June. the president and chief executive officer of Couche-Tard, Alex Miller, had indicated that the company had other options if its steps did not succeed on a transaction, on the sidelines of the publication of its most recent quarterly results.
For his part. the finance chief, Filipe Da Silva, had indicated that the company would revive its share buy -back program if the discussions with Seven removing offer 7-eleven | action & 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.
Desjardins Capital Market analyst Chris Li. believes that the recovery of a share purchase program would give momentum to the action, in a note published after the announcement.
removing offer 7-eleven | action — Removing offer 7-eleven | action: (Montreal) After almost a year of approaches. the failure of the Play-Tard food project to acquire Seven & I Holdings is rather perceived as good news for the shareholders of the Quebec company. Posted at 8:56 a.m. Updated a.
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