Seven & i Holdings Makes Significant Progress with ACT Negotiations

Update on Seven & i Holdings and ACT Discussions

Seven & i Holdings Co., Ltd. recently made an important announcement regarding its ongoing discussions with Alimentation Couche-Tard Inc. (ACT). As part of their strategic engagement, the two companies have entered into a non-disclosure agreement (NDA), which will enable them to share sensitive information that goes beyond what has already been disclosed to potential buyers of divestiture packages.

This NDA signifies a crucial step forward, as stated by the chair of Seven & i's independent Special Committee (SC), Paul Yonamine. The committee is committed to maximizing value for shareholders and stakeholders by pursuing two main paths:

1. Collaboration with ACT: The committee is looking into the possibility of a viable divestiture leading to a sale that would accommodate all necessary regulatory requirements and meet market expectations.
2. Stand-Alone Strategy: Concurrently, Seven & i is focused on strengthening its independent operations. This includes strategic management initiatives under the leadership of CEO Stephen Hayes Dacus, aimed at ensuring the company continues to thrive on its own.

Mr. Yonamine emphasized that the SC remains cautious in evaluating whether there is a feasible divestiture path. This assessment involves identifying potential buyers capable of sustaining a competitive and compliant business that would contribute positively to the market landscape. The SC’s efforts are ongoing, with the goal of unlocking significant value for shareholders and other stakeholders as their top priority.

In light of these developments, industry watchers and stakeholders are keenly observing how these negotiations unfold. The outcome may have substantial implications for the future direction of Seven & i Holdings amid a rapidly evolving retail landscape. The focus remains on ensuring any potential sale or collaboration aligns with strategic growth initiatives while adhering to market regulations.

As these discussions progress, Seven & i Holdings is poised to navigate the complexities of the retail sector, aiming for a resolution that will enhance its operational capabilities and shareholder value. For further updates on this evolving story, the company encourages interested parties to stay tuned to their official communications.