March 7 (Reuters) - Canada's Alimentation Couche-Tard ( ANCTF )
said it is having exploratory talks with third parties
about a potential sale of U.S. stores, which would help it gain
regulatory approval should it reach a deal to take over Japan's
Seven & i Holdings ( SVNDF ).
"We believe there is a clear path to obtaining regulatory
approvals of a transaction with 7&i and have made a robust
proposal to 7&i about our commitment to doing so," a Couche-Tard
spokesperson said.
Couche-Tard has made a $47 billion takeover bid for the
operator of the 7-Eleven convenience store chain.
Seven & i ( SVNDF ) on Thursday appointed its first foreign CEO and
handed him the task of overhauling its business to fend off the
bid. Incoming chief executive Stephen Dacus said talks would
continue with the Circle K-operator, but significant regulatory
hurdles stood in the way of a combination of the companies.