Couche-Tard Pursues $47 Billion Bid for 7-Eleven Parent Despite Rival Offer

The Canadian retailer remains committed to acquiring Japan's Seven & i Holdings, even as the founding Ito family counters with a $59 billion management buyout proposal.

• Alimentation Couche-Tard, owner of Circle K, has increased its offer to $47 billion to acquire Seven & i Holdings, the parent company of 7-Eleven.
• The founding Ito family of Seven & i has proposed a competing $59 billion management buyout, backed by major Japanese banks and trading conglomerate Itochu.
• Couche-Tard has emphasized its commitment to a friendly approach and confidence in financing the deal, while ruling out a hostile takeover strategy.
• A special committee at Seven & i is currently reviewing both Couche-Tard's bid and the Ito family’s counteroffer, with no decisions announced yet.
• The deal, if successful, would represent the largest-ever foreign acquisition of a Japanese company, but faces potential antitrust challenges in the United States.

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