Bid for 7-Eleven owner shows Japan's governance gains, says Suntory CEO Niinami
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A US$39 billion Canadian takeover bid for 7-Eleven's owner indicates a shift in Japan's corporate governance; Suntory CEO Takeshi Niinami, age 65, notes CEOs are 'nervous' about potential foreign bids; Seven & i's rejection of Alimentation Couche-Tard's bid shows companies are focusing on value; Niinami believes Japan's corporate governance is advancing; Governance reforms and emergence from deflation are pressuring companies to create value; Niinami, a Harvard Business School graduate, previously led a US$16 billion takeover of Beam; Outbound deal value in Japan is at a 17-year high; Niinami supports Nippon Steel's bid for U.S. Steel; He anticipates interest rates may rise to 1% in 6-9 months; Emphasizes the need for sustainable wage growth to boost consumption.

#Japan #Suntory #7eleven #CorporateGovernance #M&a #Economy #Niinami #AlimentationCouchetard #NipponSteel #UsSteel

https://www.nst.com.my/business/corporate/2024/09/1104395/bid-7-eleven-owner-shows-japans-governance-gains-says-suntory-ceo