7-The original company of Ilevan has pushed behind against the reasons that the elementation couch-tard Inc. has given why an acquisition deal has never happened.
The couch-Tard said last week that it was ending a year-long effort to buy seven and I holdings company Limited, stating that there was no honest or creative connection with the Japan-based company on a possible deal.
In a letter issued on Tuesday, the Special Board Committee of Seven and I said that the couch-Tard made “highly misleading” claims as it ended its efforts, and seven more and I continued to continue in good faith.
It says that from the beginning, the couch-Tard did not take the competition concerns seriously, and did not introduce a reliable plan about how those concerns would be addressed.
Given the scale of two feature store chains, intake and I noted that regulators would possibly need to create a “very important partition” before approved a deal, but the couch-tard was not able to provide a plan on who could be the buyer or how such a deal would work.
Seven and I also pushed back against the characteristics that his governance did not depend on the work, and suggested that the couch-leg probably did not understand the Japanese market properly.