08:50 AM EDT, 07/21/2025 (MT Newswires) -- Alimentation Couche-Tard ( ANCTF ) on Monday said the Toronto Stock Exchange approved the company's plan to buy back up to 77.1 million common shares, or about 10% of the public float.

Last week, Couche-Tard said it has withdrawn its proposal to acquire Seven & i Holdings Co. due to a lack of constructive engagement by Seven & i.

According to Monday's statement, based on the current share price the completion of the program in full would represent a total investment of approximately US$4.2 billion, or C$5.8 billion.

"With a strong balance sheet and confidence in our long-term strategy, we believe this program represents an efficient way to create long-term shareholder value," said Filipe Da Silva, the company's chief financial officer.

ATD was up $1.43 or 1.9% at $75.43 on the TSX, Friday.