Seven & i Crashes 9% After Couche-Tard Yanks $47 Billion Takeover Bid, Slams ‘Lack of Good Faith’ Talks — Tokyo Retail Giant Calls Move ‘Unilateral’

Seven & i Holdings shares tumbled 9% on Thursday on the Tokyo exchange to a low of 2,000 Japanese Yen ($13.50) after Canada’s Alimentation Couche-Tard withdrew its $47 billion takeover bid, citing “persistent lack of good faith engagement.” Trading resumed at 10:16 a.m. local time following a halt.

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