Goldman Sachs (GS), Morgan Stanley (MS) and Nomura (NMR) are set to miss out on millions of dollars in fees after Canada's Alimentation Couche-Tard abandoned its bid to acquire Seven & i Holdings, Bloomberg reported Thursday.
Couche-Tard ended its nearly yearlong pursuit, citing a refusal of meaningful engagement by the Japanese operator of 7-Eleven convenience stores, the report said.
The deal would have been the largest foreign takeover of a Japanese company, it said.
The banks involved stood to earn tens to hundreds of millions of dollars in fees from advisory and debt financing services, the report added.
Morgan Stanley, Goldman Sachs didn't immediately reply to MT Newswires' request for comment, while Nomura could not be reached.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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