On Jan. 23, 2024, participants at a product meeting for 7-Eleven Japan in Tokyo tasted onigiri and discussed flavors, textures, and fillings for the popular riceballs. Alimentation Couche-Tard proposed a buyout of 7-Eleven’s owner, Seven & i Holdings Co., which could be the largest foreign takeover of a Japanese company. Artisan Partners Asset Management urged Seven & i Holdings to consider the offer, while Comgest portfolio manager Richard Kaye believes there’s not much room for improvement in the core business. Regulatory hurdles are expected, with concerns over anti-trust scrutiny in both the U.S. and Japan. Despite potential challenges, Kaye sees Seven & i Holdings as a buying opportunity compared to other global companies in the market.
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Why Rev Group Shares Are in the Fast Lane Today
Rev Group Surpasses Analyst ExpectationsSpecialty vehicle manufacturer Rev Group (NYSE: REVG) exceeded quarterly analyst expectations, primarily driven by robust demand for its firefighting vehicles, resulting in a 14% increase in share value as of 10:30 a.m. ET. The company reported earnings of $0.70 per share for its fiscal second quarter ending April 30, along with revenue of $629.1 million, surpassing Wall Street's consensus estimate of $0.57 per share on revenue of $603 million. Rev Group...
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