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Couche-Tard Provided Update On Proposal For a Combination With Seven & i
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Couche-Tard Provided Update On Proposal For a Combination With Seven & i
Mar 10, 2025 6:06 PM

08:51 PM EDT, 03/10/2025 (MT Newswires) -- TSX-listed Alimentation Couche-Tard Inc. ( ANCTF ) , a global player in convenience and mobility, overnight Monday issued a statement regarding its proposal to acquire Seven & i Holdings., Ltd.

It said on January 24, 2025, it submitted a revised, yen-denominated, non-binding proposal at 7&i's request to confirm its continued interest. "As noted in our proposals, access to fulsome diligence information could provide an opportunity for us to enhance our proposal," its statement added.

Couche-Tard said it "firmly" believes "there is a clear path" to regulatory approval in the United States.

It outlined plans to preserve and enhance operations in Japan, its respect for the Ito family and recognition of the role of 7-Eleven in Japan. Now, Couche Tard, said "it is time for full engagement".

Couche-Tard added: "We have reiterated several times over the past few months that we intend to be friendly and persistent in pursuing a transaction, which we believe is in the best interest of all stakeholders. We have done that in the face of significant frustration and distraction.

"We look forward to fulsome engagement with 7&i so that we can reach definitive terms and move forward with a transaction that is in the best interest of all stakeholders."

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