Seven & i Holdings' Strategic Move to Bolster Corporate Value

Japan's Seven & i Holdings has announced plans to create a holding company for its non-core assets, inviting external investment. This strategy aims to enhance corporate value and fend off a takeover bid by Canada's Alimentation Couche-Tard, which recently increased its offer to $47 billion.

Japan's retail giant Seven & i Holdings has revealed a strategic move to strengthen its corporate value. The company announced plans to establish a holding company for its non-core assets, opening the door for external investment.

This decision comes as a defensive strategy against a takeover attempt by Canada's Alimentation Couche-Tard (ACT). The takeover bid, initially made in August, saw a revision with an increased offer now valuing Seven & i at $47 billion, a substantial 22% increase over the original offer.

The retailer's announcement signifies an acceleration in its efforts to boost corporate valuation and remain independent amid rising interest from potential external investors.

(With inputs from agencies.)