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Market Chatter: Canada's Couche-Tard Makes Fresh Attempt to Acquire 7-Eleven Owner, noted The Wall Street Journal
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Market Chatter: Canada's Couche-Tard Makes Fresh Attempt to Acquire 7-Eleven Owner, noted The Wall Street Journal
Oct 10, 2024 9:57 PM

06:09 AM EDT, 10/09/2024 (MT Newswires) -- Seven & i Holdings has received a fresh nonbinding takeover offer from Canada's Alimentation Couche-Tard ( ANCTF ) , weeks after the Japanese company rejected an earlier proposal, The Wall Street Journal reported.

"We will continue to aim for maximizing the benefits of our shareholders and other stakeholders," the 7-Eleven parent said in a statement Wednesday, adding that it plans to maintain confidentiality of discussions, as requested by Couche-Tard.

The announcement came after media reports said the Canadian owner of Circle K stores has sweetened its offer for Seven & i to about US$47 billion. Seven & i didn't disclose details of the new deal.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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