Couche-Tard Pursues Historic $39 Billion Bid for 7-Eleven Owner Seven & i

The proposed acquisition faces significant challenges including financing, regulatory approval, and resistance from Japanese stakeholders.

Alimentation Couche-Tard has made an unsolicited, all-cash offer of $39 billion for Japan's Seven & i Holdings, owner of the 7-Eleven convenience store chain.
The bid, which would be the largest-ever foreign acquisition of a Japanese company, has been rejected as too low by Seven & i's special committee.
Some Japanese 7-Eleven franchise owners welcome the bid, citing dissatisfaction with Seven & i's management and strategic missteps.
Couche-Tard's offer has put pressure on Seven & i to demonstrate how it plans to improve its share price and create value for shareholders.
Financing the deal would require a massive equity issuance, potentially the largest in Canadian history, and Couche-Tard is exploring backing from Canadian pension funds and other investors.