Couche-Tard bids for $31 billion Japanese retailer Seven & I.Circle K operator Alimentation Couche-Tard Inc. made a proposal to take over much larger rival and 7-Eleven owner Seven & i Holdings Co., in what would be the biggest foreign takeover of a Japanese company. A merger would create the world’s top operator of roughly 100,000 convenience stores.
Business Life
Mon, Aug 19, 2024 3:45 PM
Alimentation Couche-Tard’s bid to acquire 7-Eleven’s owner aims to reshape the global convenience store landscape. Credit: EconoTimes
Alimentation Couche-Tard, the operator of Circle K, has made a preliminary bid to acquire Seven & i Holdings, the owner of 7-Eleven. The deal would create the world’s largest convenience store operator with nearly 100,000 locations globally.
Seven & i Holdings Co., the proprietor of 7-Eleven and a much larger competitor, has been proposed for acquisition by Alimentation Couche-Tard Inc., the operator of Circle K. According to Fortune, this acquisition would represent the most substantial foreign acquisition of a Japanese corporation. A merger would establish the world’s greatest operator of approximately 100,000 convenience stores.
