Seven & i Challenges Couche-Tard's $50 Billion Merger Bid Over Antitrust Concerns
The Japanese 7-Eleven parent demands regulatory clarity before proceeding, citing unprecedented divestiture requirements and heightened U.S. scrutiny.
- Seven & i Holdings accuses Couche-Tard of downplaying the antitrust risks of their proposed $50 billion merger, emphasizing the need for regulatory certainty.
- The Japanese retailer highlights the unprecedented scale and complexity of divestitures required to address U.S. Federal Trade Commission concerns, estimated at 2,000 stores.
- Seven & i insists on resolving regulatory issues before finalizing any deal, warning against entering a 'value-destructive limbo' similar to the failed Kroger-Albertsons merger.
- Couche-Tard maintains confidence in securing U.S. regulatory approval, citing its track record with past transactions, though Seven & i argues this deal is far more complex.
- Both companies are collaborating with investment bankers to identify potential buyers for divested stores, but tensions persist over Couche-Tard's negotiation practices.