The convenience store giant behind Circle K is not giving up its hope of taking over the Japanese owner of its international rival, 7-Eleven.
RELATED - The company behind Canada’s Circle K convenience stores is looking at acquiring the owner of 7-Eleven stores globally, the Japanese operator confirmed in a statement on Monday. Anne Gaviola has this story and more in Business Matters for Monday, August 19, 2024 – Aug 19, 2024
Bloomberg and Reuters reported that the new bid values Seven & i at US$47 billion, about 22 per cent higher than an offer of $38.6 billion Couche-Tard made in August. The company argued its proposal offers clear strategic and financial benefits and has said it believes the two companies can reach a mutually agreeable transaction.For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.Couche-Tard operates across 31 countries, with more than 16,800 stores. A successful deal with Seven & i could add 85,800 stores to its network.
Acquiring Seven & i won’t be easy, even for a giant like Couche-Tard. Competition and dominance concerns are swirling across many global markets and analysts say regulatory approvals might not be difficult to nab.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alimentation Couche-Tard makes revised offer for Seven & i HoldingsAlimentation Couche-Tard Inc. has made a new offer for the Japanese owner of 7-Eleven.
Read more »
Alimentation Couche-Tard makes revised offer for Seven & i HoldingsMONTREAL — Alimentation Couche-Tard Inc. has made a new offer for the Japanese owner of 7-Eleven. In a statement, Seven & i Holdings Co. Ltd.
Read more »
Couche-Tard’s revised bid for 7-Eleven owner sweetens offer by a fifth, sources sayThe bid for Japan’s Seven & i Holdings reportedly was raised to about US$47-billion from US$38.5-billion
Read more »
Couche-Tard ‘disappointed’ after 7-Eleven owner rejects takeover offerThe Quebec-based Couche-Tard argued its proposal offers clear strategic and financial benefits and it believes the two companies can reach a mutually agreeable transaction.
Read more »
Couche-Tard Discusses Higher Price for 7-Eleven OwnerAlimentation Couche-Tard Inc. is discussing improving its takeover proposal for Seven & i Holdings Co. with the goal of convincing the Japanese convenience store operator to start engaging in discussions, people with knowledge of the matter said.
Read more »
The Daily Chase: Couche-Tard sweetens 7-Eleven takeover offerHere are five things you need to know this morning.
Read more »