06:32 AM EDT, 10/21/2024 (MT Newswires) -- Alimentation Couche-Tard Inc. ( ANCTF ) is planning to finance a potential acquisition of Japanese 7-Eleven parent Seven & i Holdings Co. mostly with debt, borrowing tens of billions of dollars in its quest to conquer the global convenience-store business, The Globe and Mail was reporting over the weekend.

It noted analysts had previously estimated the Canadian parent of the Circle K chain, which is currently offering US$47-billion in cash for its main rival, would use debt to cover less than half of the purchase price, with the vast majority of the money coming from sales of new stock. But in an interview on Thursday night, Couche-Tard chief financial officer Filipe Da Silva said the new equity component of any transaction would be minimal.

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