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How a 7-Eleven takeover could reshape corporate Japan

Behind the Money

Shownote

Companies in Japan have long avoided foreign acquisitions. But Canada-based Alimentation Couche-Tard’s recent unsolicited bid for the owner of the 7-Eleven convenience store chain is testing that premise. The FT’s Tokyo bureau chief Leo Lewis examines how ...

Highlights

A major foreign takeover attempt is challenging long-standing norms in Japan's corporate world. Alimentation Couche-Tard, a Canadian convenience store giant, has made an unsolicited bid for 7 & I Holdings, the parent company of 7-Eleven. This unprecedented move could mark a turning point in Japan’s historically cautious stance toward foreign acquisitions and may signal a shift toward a more shareholder-friendly business environment.
00:00:00
Alimentation Couche-Tard's bid for 7 & I could be Japan's largest foreign-led takeover
00:06:46
Japan revised its M&A guidelines to prioritize shareholder value amid foreign influence.
00:12:00
Seven and I delivers exceptional customer experience but struggles with shareholder returns
00:14:30
7-Eleven rejected the $39 billion takeover offer, stating it undervalued the company
00:17:12
The 7-Eleven takeover could catalyze more M&A activity in Japan.

Chapters

A bold bid challenges Japan’s long-standing resistance to foreign takeovers
00:00
New M&A rules push Japanese firms toward greater shareholder accountability
06:46
Can a customer-first company also be a good investment?
10:47
Stakeholders vs. shareholders: A cultural clash in Japanese corporate governance
14:01
Could this deal spark a wave of M&A activity across Japan?
17:12

Transcript

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