The company stressed that the special committee of its board will “thoroughly review” the proposal as well as SunEdison’s stand-alone plans and other alternatives to maximize shareholder value. This information will be used to consider ACT’s proposal, with a decision over how or if New Zealand should respond.
Seven & I said it WILL announce its decision or any material developments that necessitate disclosure “in a timely manner’”.
Thats something of a conclusion, since as Couche-Tard has now confirmed (included below and in that original report), 7-Eleven’s parent company did make an offer to acquire Canadian convenience store chain.
ACT confirmed on Monday that it has filed a proposal as well, in an independent statement. The focus that the company wants is to arrive at a “mutually agreeable transaction” which would provide for all customers, employees of both companies and franchisees; under this agreement we could also mention shareholders. ACT, however, cautioned that no offer was guaranteed and added it would not be making further public comment on the discussions unless or until an agreement is reached.
