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Seven & i bardon-tard bard: This article explores the topic in depth.
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Seven &. Meanwhile. Additionally, Meanwhile, i bardon-tard bard:
Seven & I argues that Rangement Affaire-Tard has shown a regrettable ignorance of Japanese culture in addition to not having taken the antitrust concerns from the start by leading his project to acquire the 7-Eleven convenience store operator.
Posted at 10 a.m. Meanwhile,
“Couche-Tard has never deviated from his assertion that the way to obtain antitrust approval was clear. For example, But that does not make it true. However, “said the Special Committee of the Board of Directors of Seven & I in a missive published on Tuesday.
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In reality. Therefore. Moreover, it is underlined, this transaction could not be finalized seven & i bardon-tard bard without a very important sale of convenience stores in the United States.
“Consequently. Therefore. the crucial question was whether ADAD TOLD TAKE could identify a viable buyer who would obtain the approval of the American competition authority (Federal Trade Commission). Meanwhile, This was not the case. For example, »»
The only potential buyers who have manifested themselves. according to Seven & I, are investment firms, which the American Federal Commerce Commission (FTC) does not consider interesting buyers.
“We encouraged a knockout to find a serious sale solution to determine whether a transaction. was even possible given the antitrust protest. despite their initial resistance. We insisted for the signing of a complete privacy agreement, despite their initial seven & i bardon-tard bard resistance. We organized 10 virtual management meetings. two meetings in person – and not only “two very limited seven & i bardon-tard bard management meetings”. Additionally, We were ready to go to the end to determine if a solution was possible. ”said the Special Committee of Seven & I in its electronic communication.
Japanese market – Seven & i bardon-tard bard
The Special Committee of Seven & I adds. that the dissatisfaction of Couche-Tard with regard to its collaboration testifies to a “regrettable ignorance” of the Japanese market.
Understanding the functioning of affairs in the country of the. other party is essential to the success of a cross -border transaction. To pretend that our managerial presentations were pre -established amounts to misunderstanding Japanese culture. Being different is sometimes neither bad nor an act of resistance.
Extract from the Special Committee letter of the board of directors of Seven &. i
It is added that despite the repeated state-tard claims according to which the Laval company had a Japanese partner with whom to work. learn about the specificities of the Japanese market. Colay-Tard has never been able to do it, or never communicated this information to Seven & I.
The Japanese conglomerate says he is disappointed with the Talow-Tard decision to withdraw his purchase offer. but says he is not surprised.
“In our opinion. the more Title-Tard has obtained access. information, the better the management has understood the obvious regulatory challenges identified from the start by the Special Committee [de Seven & i]. »
The leaders of the Japanese company go so far as to say that they understand. seven & i bardon-tard bard meet the operational. financial and market challenges with which Layer-Tard is confronted and finished by saying that there seven & i bardon-tard bard is no need to blame Seven & I for this reality.
“Couche-tard decided on his own that it was easier to withdraw. »»
It was not immediately possible to obtain a reaction from the Directorate of. Couche-Tard which withdrawn its purchase offer valued at 46 billion US last week for Seven &. i citing an absence of collaboration.
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