Shareholders back 7-Eleven owner’s management amid $50bn takeover battle

Seven & i shareholders expressed support for new CEO Stephen Dacus amidst a $50bn takeover bid from Couche-Tard, owner of Circle K. At the annual meeting, all board members were approved, but investor concerns over management effectiveness and share price decline (down 11% this year) lingered. While some shareholders advocate for the takeover to enhance global competitiveness, others emphasize maintaining Japanese management culture, as discussions continue between Seven & i and Couche-Tard regarding regulatory compliance for potential asset sales.