Breakingviews - Couche-Tard should have gone hostile on Seven & i

Couche-Tard's Acquisition Withdrawal: Alimentation Couche-Tard withdrew its $46 billion bid for Seven & i, criticizing the lack of constructive engagement from the Japanese company and suggesting that foreign buyers should adopt a more aggressive approach in Japan's M&A landscape.

Corporate Governance Issues: The situation highlights ongoing challenges in Japan's corporate governance, as companies like Seven & i resist acquisitions despite guidelines aimed at improving M&A processes, with shareholders expressing dissatisfaction over the lack of progress.