Q: How do you see the ATD stock reacting if they are able to buy the North American retail business of Seven & I? (initial reaction) And how do yo see it reacting if they cannot reach and agreement to purchase these assets? Does the U.S. SEC have to endorse the purchase?
Thanks for all your help? Mike
Thanks for all your help? Mike
5i Research Answer:
We think the stock would react fairly positively if ATD could get any part of 7/11. If no deal, we doubt much happens because until last week the deal was mostly considered dead. The US trade department would have to approve. Depending on how relations go with the US, this approval might not be as easy as it might have been before.