Seven & I Seeks Government Shield Against Couche-Tard Takeover

The Japanese retailer's move to reclassify as a 'core' company could block the largest-ever foreign acquisition in Japan.

Seven & I Holdings aims to prevent Alimentation Couche-Tard's buyout by seeking 'core' status under Japanese law.
This designation would require government approval for any significant share purchases, complicating the takeover.
The move signals Japan's ongoing resistance to large cross-border mergers despite recent corporate reform efforts.
Seven & I's stock fell nearly 4% following the announcement, reflecting investor concerns over potential deal obstacles.
The outcome will test Japan's commitment to opening its market to foreign acquisitions and improving corporate governance.