Couche-Tard Intensifies $50 Billion Bid for Seven & i Holdings

The Canadian retailer seeks to acquire the 7-Eleven operator, offering reassurances on antitrust concerns and signaling a potential bid increase.

Alimentation Couche-Tard has privately met with Seven & i shareholders to advocate for its $50 billion acquisition proposal.
The Canadian firm has emphasized it will not pursue a hostile takeover and has offered to sell stores to address antitrust concerns.
Seven & i has resisted the bid, citing antitrust risks, but faces pressure due to financial challenges, including a potential Moody's downgrade.
Couche-Tard has indicated it may enhance its offer if granted access to Seven & i's financials for due diligence.
Seven & i has undertaken measures to stay independent, including leadership changes, asset sales, and a share buyback program.