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88% Informative
Alimentation Couche-Tard's proposal to buyout 7-Eleven's owner was likely driven by its affordability as a stock, in comparison to global counterparts.
"What [ACT] probably sees is a cheap stock, if I can be very frank," said Richard Kaye , portfolio manager at independent asset management group Comgest .
The amount has not been disclosed, but should a deal go through, it could be the biggest-ever foreign takeover of a Japanese company.
VR Score
91
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92
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