Overview

• Alimentation Couche-Tard said it withdrew its ¥7 trillion offer after accusing Seven & i of failing to engage in “constructive discussions.”
• The Canadian retailer denied any intention of pursuing a hostile takeover following the bid’s withdrawal.
• Seven & i called the decision regrettable, challenged factual errors in Couche-Tard’s statement and reaffirmed its standalone value-creation strategy.
• Seven & i’s stock plunged 9.2% to ¥2,007 and the Tokyo Stock Exchange halted trading to verify the withdrawal report.
• Seven & i plans to press ahead with asset-sale measures, including an ¥814.7 billion supermarket sale to Bain Capital, and aims for a North American convenience-store IPO by late 2026.