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Market Chatter: Couche-Tard Raises Takeover Bid for Seven & I to $47 Billion, Bloomberg Reported
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Market Chatter: Couche-Tard Raises Takeover Bid for Seven & I to $47 Billion, Bloomberg Reported
Oct 10, 2024 9:57 PM

06:06 AM EDT, 10/09/2024 (MT Newswires) -- Canada's Alimentation Couche-Tard ( ANCTF ) has sweetened its offer for Seven & i Holdings to about US$47 billion, Bloomberg reported, citing unnamed sources.

The indicated offer of $18.19 per share was sent to Seven & i on September 19, according to Bloomberg. That compares with the previous proposal of $14.86 per share.

The Japanese owner of the 7-Eleven convenience store chain rejected Couche-Tard's $39 billion buyout offer in early September.

Seven & i declined to comment. Couche-Tard wasn't immediately available for comment.

(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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