FTC Eyes Potential Investigation into Seven & i, Couche-Tard Merger

Seven & i rejects $38.5 billion bid from Couche-Tard amid concerns over U.S. antitrust scrutiny and the FTC's request to preserve documents.

The FTC has signaled a potential investigation into the $38.5 billion merger proposal between Seven & i and Alimentation Couche-Tard.
Seven & i rejected Couche-Tard's bid, citing concerns over U.S. antitrust issues.
Shares of both companies have fallen following the news of the potential probe.
The FTC has asked both companies to preserve all relevant documents for the investigation.
Recent FTC antitrust actions have included cases involving major companies like Google and Amazon.