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Kouha-Dard’s heads to visit Tokyo to spoke to $ 47 billion seven and in offered


(Reuters) -Canada’s alimony couch said on Friday that his best executives would visit Tokyo to talk to the media about his offer of $ 47 billion to buy a 7-Eleven Seven & I Holdings operator.

Founder Alain Bouchard, CEO Alex Miller and CFO Filipe da Silva will hold a 0200 GMT media briefing on March 13.

Couche-Thard, managed by Cilly-K stores, said it was earlier that in research conversations with third parties about the potential sale of US stores to help him get a regulatory approval if he achieved a job to take over more than seven and i.

The Canadian company has announced that it has identified the portfolio of US stores and that he is talking about “identifying possible acquirers.”

“We believe that there is a clear path to obtaining regulatory approvals of transactions with 7 and I and and we have made a strong proposal for 7 and our dedication to do so,” said a spokesman for the Kouche-hedge.

Seven and I opposed the download offer and said that the US Law on Market Competition Protection would be an obstacle to any agreement.

The companies are the first two players in the US store market, with about 20,000 locations between them.

Seven and on Thursday appointed his first foreign executive director, Stephen Dacus, handing him the task of being overhauling his job to reject the offer.

Dacus said that he spoke with Couche-Dard on Thursday and that the conversations would continue, although significant regulatory obstacles stood along the way of any merger, especially in the United States.

(Reporting Abigail Summerville; Writing Rocky Swift; Edwin Gibbs and Christopher Cushing) Mounting



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