April 3, 2025, 5:28 a.m.

USA

  • views:3853

The Canadian convenience store giant is interested in buying 7-Eleven operator Seven&i

image

(Bloomberg) - Seven & i Holdings Inc., operator of 7-Eleven convenience stores, received a takeover proposal from Canadian convenience store giant Alimentation Couche-Tard in what could be the largest-ever foreign acquisition by a Japanese company.

Seven & i, which is owned by the descendants of Masatoshi Ito, the late founder of 7-Eleven Japan, disclosed on Monday that it had received a non-binding acquisition proposal from Alimentation Couche-Tard. Couche-Tard, the parent company of Circle K, confirmed that it had made the "friendly" offer.

If Couche-Tard were to acquire 100 per cent of Seven & i Holdings, the deal would cost at least 5 trillion yen (S $44.7 billion) and would be the largest foreign takeover of a Japanese company in history, Nikkei Asia reported.

According to a 2016 interview with The Globe and Mail, Couche-Tard co-founder Alain Bouchard made a takeover offer to ITO in 2005, but ITO felt the two companies had to strengthen their position in the U.S. market before considering a merger. So the offer was dropped.

Recommend

Trump's new tariff policy: a gamble or a strategic breakthrough?

On April 2, 2025, local time, US President Trump announced the implementation of the "America First Tariff Plan", imposing a 10% basic tariff on all imported goods and an additional 25%-50% tariff on key areas such as steel and semiconductors.

Latest

Trump's new tariff policy: a gamble or a strategic breakthrough?

On April 2, 2025, local time, US President Trump announced …

A German rocket crash, a tragedy for European space autonomy?

On March 30, local time, the Norwegian Island Space Center …

Trump raises tariffs again Experts warn that the "triple play" risks losing the game

Recently, US President Donald Trump signed two executive or…