0651 GMT - Alimentation Couche-Tard's withdrawn offer for Seven & i caps a wild year for the Tokyo-listed stock. The stock is back near levels seen in August after the scrapped $47 billion takeover bid sent shares of 7-Eleven's owner down about 12.5% over two days. From hereon, Seven & i's share price will likely be supported by its continuing buyback, says Jefferies analyst Shunsuke Kuriyama. He sees Seven & i's continued commitment to its standalone path and returning Y2 trillion through buybacks by fiscal 2030 as reassuring. "The market will now focus more on the fundamental recovery of its operations in SEJ and SEI," he writes in a note, referring to the retail giant's Japanese and North American convenience-store units, respectively. (farah.elias@wsj.com)
(END) Dow Jones Newswires
July 18, 2025 02:51 ET (06:51 GMT)
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