7-Eleven Owner Rejects $38.7 Billion Takeover Bid from Circle K Parent

Seven & i Holdings deems the offer undervalued and highlights significant regulatory risks, but remains open to better proposals.

The board of Seven & i Holdings unanimously rejected Alimentation Couche-Tard's $38.7 billion offer.
Seven & i cited the proposal as opportunistically timed and undervaluing the company's intrinsic worth.
Concerns about significant regulatory challenges, especially in the U.S., were a major factor in the rejection.
The Japanese company remains open to considering higher offers that address these concerns.
A merger would have created one of the world's largest convenience store chains, combining 7-Eleven and Circle K brands.