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Couche-Tard Intensifies Push for $47 Billion 7-Eleven Takeover

The Canadian retailer emphasizes a friendly approach as Seven & i resists the historic acquisition bid.

Alimentation Couche-Tard Inc.'s founder Alain Bouchard and CEO Alex Miller attend a press conference on their bid for 7-Eleven convenience store operator Seven & i Holdings in Tokyo, Japan, March 13, 2025.  REUTERS/Kim Kyung-Hoon     TPX IMAGES OF THE DAY
A man walks past the logo of 7-Eleven displayed at their convenience store in Tokyo, Japan March 6, 2025. REUTERS/Issei Kato/File Photo
The logo of a Couche-Tard convenience store is seen in Montreal, Quebec, Canada January 13, 2021.  REUTERS/Christinne Muschi/File photo
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Overview

  • Alimentation Couche-Tard has increased its offer to $47 billion in its attempt to acquire Seven & i Holdings, the Japanese parent company of 7-Eleven.
  • Seven & i has resisted the takeover, citing undervaluation, U.S. antitrust concerns, and a preference to boost its own value through restructuring efforts.
  • Couche-Tard executives held a press conference in Tokyo, pledging to retain 7-Eleven Japan's local management and operational model to ease public concerns.
  • The proposed acquisition would be Japan's largest-ever foreign buyout, combining 7-Eleven and Circle K to create a global convenience store leader.
  • Seven & i faces growing pressure from shareholders to engage in talks, with critics highlighting stagnating performance and internal dysfunction.