Overview
- Alimentation Couche-Tard has signed a non-disclosure agreement (NDA) with Seven & i, allowing access to confidential financial data to advance its $52 billion acquisition bid.
- The NDA includes a standstill clause, preventing hostile takeover attempts while discussions progress.
- Seven & i continues its dual-track strategy, preparing for a potential sale or independent operation through management restructuring and asset divestitures.
- Both companies are working on plans to divest approximately 2,000 overlapping U.S. stores to address antitrust concerns and secure regulatory approval.
- Couche-Tard executives expressed optimism about constructive engagement, while Seven & i remains cautious over regulatory risks and deal closure certainty.