Q: ATD shares had been doing well until some months ago when they announced an intention to acquire 7/11, and the stock price began to fall. However the owners of 7/11 said they were opposed and appeared to take steps to resist. There has not been any news about ATD's efforts in a couple of months (at least that I have heard) and I would conclude that this is no longer in the cards. But the share price continues to decline.
1. Are you aware of news indicating ongoing efforts by ATD to pursue that purchase?
2. Do you have any insight why the share price continues to decline?
3. Would they be (much) affected by tariffs, if that should ever happen?
4. What is your outlook for ATD going forward?
Many thanks for your excellent service
1. Are you aware of news indicating ongoing efforts by ATD to pursue that purchase?
2. Do you have any insight why the share price continues to decline?
3. Would they be (much) affected by tariffs, if that should ever happen?
4. What is your outlook for ATD going forward?
Many thanks for your excellent service
5i Research Answer:
The deal has not been officially terminated, but with no new announcements we doubt it is moving...