” to Japanese national security will not raise hurdles to a potential buyout, Japan’s finance minister said on Tuesday, comments that appeared aimed at easing investor concerns about the move.
Seven & i this month rejected a $38.5-billion offer from Circle-K owner Couche-Tard, citing concerns about price. Any whiff of protectionism such as blocking of foreign takeovers on less-than-credible grounds could blunt enthusiasm for both the stock market and mergers and acquisitions , market participants have said.
Finance ministry officials said repeatedly at a Friday briefing that the national security classifications that appear in its list are mainly self-reported by companies and not a government acknowledgment that those in the “core” list are crucial for national security.
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