01:26 PM EDT, 03/11/2025 (MT Newswires) -- BMO notes that Seven & i is currently engaged with Couche-Tard to assess potential ways to navigate U.S. anti-trust hurdles. Seven & i also announced an intention to IPO its North American convenience store business.

BMO analysts shows a slight earnings dilution, with lower-cost existing Seven debt and synergies more than offset by a purchase multiple higher than ATD's own valuation and assumed equity financing, writes analyst Tamy Chen.

"Thus, unless synergies are materially higher, such a transaction does not, at surface level, appear very compelling for ATD shareholders."

Couche-Tard is rated Outperform, target price at $85.

Price: 70.02, Change: -1.43, Percent Change: -2.00