BRIEF-Couche-Tard CEO: We Would Like Full Engagement Versus Just Engagement On Antitrust-March 2024-www.financetom.com

BRIEF-Couche-Tard CEO: We Would Like Full Engagement Versus Just Engagement On Antitrust

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BRIEF-Couche-Tard CEO: We Would Like Full Engagement Versus Just Engagement On Antitrust

Mar 12, 2025 8:39 PM

March 13 (Reuters) - Alimentation Couche-Tard ( ANCTF )

* CEO: I DON'T BELIEVE WE HAVE A STAGNANT BUSINESS IN NORTH

AMERICA, THE EARNINGS RESULTS WE HAVE PUT OUT IN RECENT QUARTERS

COMPARED TO SEVEN & I ARE VERY DIFFERENT

* CHAIRMAN: WE ARE STILL OPEN TO TALKING TO THE ITO FAMILY

* CEO: WE WOULD LIKE FULL ENGAGEMENT VERSUS JUST ENGAGEMENT

ANTITRUST

* CEO: WE HAVE ENJOYED THE DIALOGUE ON ANTITRUST, IT'S BEEN

CONSTRUCTIVE BUT IS TAKING TOO LONG

* CEO: THE JANUARY RESTATEMENT OF OUR OFFER IN YEN IS VERY

SIMILAR

TO OUR U.S. DOLLAR OFFER

* CEO: THE U.S. ANTI-MONOPOLY PROCESS DOES NOT TAKE TWO

YEARS

* CEO: THE PROCESS COULD TAKE 12-24 MONTHS

* CHAIRMAN: IN MEETINGS WITH INVESTORS WE SAID WE DON'T KNOW

EXACTLY WHAT OUR PLAN FOR SEVEN & I'S SUPERSTORES BUSINESS WOULD

* CEO: WE CAN'T HAVE AN INFORMED DECISION ON THE SUPERSTORES

THIS STAGE WITHOUT DUE DILIGENCE

* CHAIRMAN: WE DO NOT INTEND TO CALL OFF OUR BID IF THE

ANTITRUST

PROCESS IS EXTENDED

* CHAIRMAN: THE FRUSTRATION WE FEEL ABOUT THE DEAL IS JUST

ABOUT

THE TIME

Further company coverage:

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