Friday, October 10, 2025

Latest

Alimentation Couche-Tard Withdraws Bid For 7-Eleven Parent: “No Sincere Engagement”

Alimentation Couche-Tard has abandoned its ¥2,600-a-share cash bid for Seven & i Holdings, telling the Japanese retailer’s board that ten months of “obfuscation and delay” left no viable path to a deal. The decision caps a courtship that would have united two of the world’s biggest convenience store operators under the 7-Eleven banner.

In a letter, Couche-Tard founder Alain Bouchard and CEO Alex Miller wrote, “We have been very patient and respectful throughout this process… Yet there has been no sincere or constructive engagement from 7&i.”

The company said its all-cash offer represented a 47.6% premium to Seven & i’s unaffected price and was fully financed.

Couche-Tard detailed repeated attempts to secure basic financial and operational data. Over ten weeks, it received just fourteen US business files and “none of our critical questions were answered.” Two tightly scripted management meetings yielded “little new information,” undermining confidence in Seven & i’s governance.

Earlier this year to ease antitrust fears, the Québec operator had offered a store divestiture plan backed by a reverse termination fee exceeding US$1.2 billion. It even canvassed potential buyers despite lacking a signed agreement—an unusual step meant to show regulators a clear remedy.

Seven & i, the letter claims, withheld data needed to advance those talks.

Couche-Tard floated alternative structures, including purchasing all non-Japanese assets and 40% of the domestic arm, but said Seven & i’s own counterproposal diluted the premium and threatened “operational prospects of the combined business.”

The retreat removes, for now, what would have been the largest foreign takeover of a Japanese company. It also shifts pressure back onto Seven & i, which faces activist calls to unlock value from its sprawling portfolio.


Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

First Majestic Posts Record Quarterly Silver Production In Q3

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

Related News

7-Eleven Parent Confirms Receiving Sweetened $47 Billion Bid from Alimentation Couche-Tard

Alimentation Couche-Tard Inc. (TSX: ATD.B) has submitted a revised takeover offer for Japan’s Seven &...

Thursday, October 10, 2024, 12:40:00 PM

Couche-Tard Plans To Shed Key Assets to Pave Way for Landmark 7‑Eleven Deal

Alimentation Couche-Tard (TSX: ATD) has unveiled its strategy to push the deal with Seven &...

Tuesday, March 11, 2025, 11:31:00 AM

Alimentation Couche-Tard Exceeds Analysts Estimates With US$1.4 Billion EBITDA In Fiscal Q1 2022

Alimentation Couche-Tard Inc. (TSX: ATD.B) reported on Tuesday its financial performance for the fiscal first...

Wednesday, September 1, 2021, 10:11:00 AM

Fire & Flower Sees Opposition in Controversial Sale Amid Bankruptcy Battle

A syndicate consisting of influential stakeholders, including the second-largest shareholder of Fire & Flower (TSX:...

Thursday, June 22, 2023, 03:50:00 PM

Alimentation Couche-Tard Repurchases Class B Shares From Executive Chairman For $300 Million

Alimentation Couche-Tard Inc. (TSX: ATD.B) reported today that it has entered into a private agreement...

Friday, October 8, 2021, 09:26:00 AM