financetom
Business
financetom
/
Business
/
Couche-Tard CEO says no NDA signed with Seven & i on potential store divestments
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Couche-Tard CEO says no NDA signed with Seven & i on potential store divestments
Mar 19, 2025 6:47 AM

TOKYO, March 19 (Reuters) - Alimentation Couche-Tard ( ANCTF )

CEO Alex Miller said on Wednesday no non-disclosure

agreement had been signed over potential stores needed to be

sold by the Canadian company and Japan's Seven & i ( SVNDF ) to meet U.S.

antitrust conditions for a deal.

Earlier in the day, a Seven & i ( SVNDF ) spokesperson said

the companies had signed NDAs in early March and only cover

stores that are likely divestiture candidates.

"We have not signed an NDA with Seven & i ( SVNDF ). We are working

with Seven & i ( SVNDF ) together around a marketing package of what a

divestment would look like in the United States," Miller said in

a post-earnings call.

"That marketing program has begun, and there are NDAs being

signed by potential buyers in that process," he added.

Seven & i ( SVNDF ) and Couche-Tard said last week that they were

working together on sounding out buyers.

Couche-Tard submitted a $47 billion buyout offer for Seven &

i ( SVNDF ) last year, but the operator of the 7-Eleven convenience store

chain has resisted signing an NDA and offering due diligence on

its entire business, citing antitrust hurdles in the U.S.

Quebec-based Couche-Tard has said signing a full NDA would

allow it to make an enhanced offer. However, Seven & i ( SVNDF ) has said

they must first find a credible buyer for 2,000 or more stores

in the U.S., or there would be an unacceptable risk should the

deal be blocked.

In early March, the Canadian company said it could sweeten

its $47 billion bid if the Japanese firm cooperates and also

signaled that it remained confident about overcoming antitrust

concerns.

(Reporting by Anton Bridge and Ritsuko Shimizu in Tokyo and

Ananya Mariam Rajesh in Bengaluru; Editing by Mark Potter and

Sriraj Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
After Israel strikes Iran, airlines divert flights as airspace closed
After Israel strikes Iran, airlines divert flights as airspace closed
Jun 13, 2025
* Iran, Iraq and Jordan close airspace and Israel shuts airport after attacks * Expanding conflict zones burdening airline operations and profitability * Six commercial planes unintentionally shot down since 2001 - Osprey Flight Solutions * Israel's El Al and Israir evacuate planes from Tel Aviv (Adds Lufthansa, El Al comments, Israir evacuating planes from Tel Aviv) By Lisa Barrington...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Canada's Dundee Precious to buy UK's Adriatic Metals in $1.25 billion deal
Canada's Dundee Precious to buy UK's Adriatic Metals in $1.25 billion deal
Jun 13, 2025
June 13 (Reuters) - Canada's Dundee Precious Metals ( DPMLF ) will acquire UK's Adriatic Metals ( ADMLF ) in a cash-and-stock deal valued at $1.25 billion, the companies said on Friday, marking the latest in a string of foreign takeovers of UK firms. The proposed transaction comes amid a growing wave of acquisitions targeting UK-based firms, with more than...
Dolby Laboratories Insider Sold Shares Worth $2,567,481, According to a Recent SEC Filing
Dolby Laboratories Insider Sold Shares Worth $2,567,481, According to a Recent SEC Filing
Jun 13, 2025
03:11 AM EDT, 06/13/2025 (MT Newswires) -- Kevin J Yeaman, Director, President and Chief Executive Officer, on June 10, 2025, sold 33,683 shares in Dolby Laboratories ( DLB ) for $2,567,481. Following the Form 4 filing with the SEC, Yeaman has control over a total of 242,463 Class A common shares of the company, with 127,735 shares held directly and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved