Tokyo-based Seven & i, which operates 7-Eleven convenience stores worldwide, last week rejected the offer from Couche-Tard made public last month. Seven & i said the proposal significantly underestimated the company’s value and potential.
Seven & I reiterated that criticism and said the offer didn’t represent a practical basis for talks, so it didn’t sign a nondisclosure agreement as Couche-Tard requested.
Seven & I reiterated Monday that it believed the proposal needed to sufficiently address regulatory issues. Both companies have large store networks in the U.S., creating possible antitrust issues.
Couche-Tard had offered to acquire all shares outstanding of Seven & I at $14.86 a share in cash, which would put the value of the deal at about $38.7 billion.
You can get Seven & I valuation, here https://www.growthvaluation.com/download-category/evaluations/