July 21 (Reuters) - Canada's Alimentation Couche-Tard ( ANCTF )

on Monday said it was resuming its share repurchase

program days after the Circle K-parent scrapped its $46-billion

attempt to buy Japan's Seven & I ( SVNDF ).

The company said it would repurchase up to 77.1 million

shares worth about $4.2 billion as it works to shore up

shareholder value after the months-long effort to buy the

Japan-based convenience store chain fell apart.

Couche-Tard, which has a market capitalization of about $53

billion, had said last week that it was scrapping its bid for

Seven & I ( SVNDF ) as the Japanese retailer refused to engage

constructively on the deal. If it had been successful, it would

have been Japan's largest-ever foreign buyout.

Couch-Tard's stock closed up 8.3% on July 17 when it

scrapped the deal for Seven & I ( SVNDF ). The stock is down about 5% so

far this year.

The authorized share buyback program will begin July 23, and

continue through July 22, 2026, Couche-Tard said.