Tag #Cross-Border Deal

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forbes.com

🌐 85% Global Worthiness

Jul 17, 13:12

Couche-Tard Withdraws $46 Billion Bid for Seven & i Holdings

Alimentation Couche-Tard withdrew its $46 billion bid to acquire Seven & i Holdings due to a lack of cooperation from the Japanese company during a year-long negotiation, ending a potential record-breaking foreign takeover and impacting investor confidence in Japan.

Couche-Tard Withdraws $46 Billion Bid for Seven & i Holdings

Alimentation Couche-Tard withdrew its $46 billion bid to acquire Seven & i Holdings due to a lack of cooperation from the Japanese company during a year-long negotiation, ending a potential record-breaking foreign takeover and impacting investor confidence in Japan.

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What were the primary reasons behind Couche-Tard's decision to abandon its bid for Seven & i Holdings, and what are the immediate implications for both companies?

Alimentation Couche-Tard withdrew its $46 billion bid to acquire Seven & i Holdings due to Seven & i's lack of cooperation during negotiations. Couche-Tard cited insufficient information provided and unproductive meetings as reasons for abandoning the deal. This ends a year-long pursuit of what could have been the largest foreign takeover of a Japanese company.

theglobeandmail.com

🌐 85% Global Worthiness

May 5, 16:13

Sunoco's $9.1 Billion Takeover Bid for Parkland Corp. Approved

Sunoco LP's friendly $9.1 billion takeover bid for Parkland Corp., including debt, offering $44 per share (cash and SUNCorp units) has been unanimously recommended by Parkland's board, aiming to finalize by June 24, pending regulatory approval amid current US-Canada trade tensions.

Sunoco's $9.1 Billion Takeover Bid for Parkland Corp. Approved

Sunoco LP's friendly $9.1 billion takeover bid for Parkland Corp., including debt, offering $44 per share (cash and SUNCorp units) has been unanimously recommended by Parkland's board, aiming to finalize by June 24, pending regulatory approval amid current US-Canada trade tensions.

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How does the activist campaign by Simpson Oil and Engine Capital influence Sunoco's takeover strategy and the final agreement?

The Sunoco-Parkland merger signifies a significant shift in the Canadian fuel distribution landscape, driven by Parkland's boardroom battle with its largest shareholder, Simpson Oil. Sunoco's offer resolves this conflict, benefiting from Parkland's extensive network of gas stations and refinery operations, while also enhancing Sunoco's market position and financial performance. The acquisition's success hinges on regulatory approval, especially considering strained US-Canada relations.

kathimerini.gr

🌐 75% Global Worthiness

Jul 17, 10:14

Paval Holding Acquires Praktiker Hellas for €140 Million

Paval Holding, a Romanian company owning the Dedeman DIY chain, purchased Praktiker Hellas from Fairfax for approximately €140 million, including eight properties, marking a strategic expansion into the Greek market and a significant return for Fairfax.

Paval Holding Acquires Praktiker Hellas for €140 Million

Paval Holding, a Romanian company owning the Dedeman DIY chain, purchased Praktiker Hellas from Fairfax for approximately €140 million, including eight properties, marking a strategic expansion into the Greek market and a significant return for Fairfax.

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What are the potential long-term impacts of this acquisition on the Greek DIY market and the competitive landscape?

Paval Holding's acquisition of Praktiker Hellas signals its ambition to expand within Southeastern Europe. The integration of Dedeman's private label products and planned store openings indicate a significant investment in the Greek market. Praktiker's 2023 turnover of €187.5 million, despite a €1.4 million net loss, suggests a potential for growth under new ownership.

theglobeandmail.com

🌐 85% Global Worthiness

May 5, 16:13

Sunoco's \$9.1 Billion Takeover Bid for Parkland Corp. Approved by Board

Sunoco LP offered \$9.1 billion to acquire Parkland Corp., a Canadian fuel distributor, with Parkland's board unanimously endorsing the deal, which includes \$19.80 cash and 0.295 SUNCorp unit per share, amidst an activist investor campaign and strained US-Canada relations.

Sunoco's \$9.1 Billion Takeover Bid for Parkland Corp. Approved by Board

Sunoco LP offered \$9.1 billion to acquire Parkland Corp., a Canadian fuel distributor, with Parkland's board unanimously endorsing the deal, which includes \$19.80 cash and 0.295 SUNCorp unit per share, amidst an activist investor campaign and strained US-Canada relations.

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How does the activist investor campaign by Simpson Oil and Engine Capital influence the Sunoco-Parkland merger?

This acquisition follows a previous unsuccessful bid by Sunoco in 2023. Sunoco projects a 10 percent boost in distributable cash flow per unit and \$250 million in cost savings within three years. The deal comes amidst an activist campaign by Simpson Oil and Engine Capital, seeking to replace Parkland's board.

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