A $39 billion Canadian takeover bid for 7-Eleven¡¯s owner indicates a change in Japan¡¯s corporate governance and has left CEOs ¡°nervous¡± that their companies could be next, the head of drinks giant Suntory Holdings said on Wednesday.
Seven & I¡¯s response in rejecting the bid by Alimentation Couche-Tard also revealed companies are no longer simply rebuffing foreign offers outright and are, instead, focusing on value, the chief executive of Suntory, Takeshi Niinami, said in a Reuters NEXT Newsmaker interview.
Niinami, 65, is one of Japan¡¯s most influential executives, serving as chair of the Keizai Doyukai business lobby and also as an economic adviser to current and former prime ministers.
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