On CNBC today, #CLSA Japan Strategist Nicholas Smith provided his views on the $47 billion enlarged bid from Alimentation Couche-Tard (ACT) for Seven & i Holdings, the parent company of 7-Eleven. According to Nick, the Japanese government is providing oversight on the restructuring plan in the context of a traffic light system that ranks how important a company is to national security. This does not mean immediate prohibition imposed by the Ministry of Finance, but it does imply that an investigation is being carried out. Nick pointed out the Seven & i's restructuring plans may be a case of "too little too late.” Due to management deferring the divestment of parts of its business, which is now under pressure from well-known activists and investors who are advocating for a complete sale Click the video to hear more from Nick: https://lnkd.in/gRv2uV9Q #CLSANews #CLSAInsights
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