12:31 PM EDT, 08/20/2024 (MT Newswires) -- Alimentation Couche-Tard ( ANCTF ) submitted an unsolicited acquisition proposal for Seven & i Holdings Co., notes National Bank. Seven & i has formed a special committee to review the proposal.

"This is a large, complex transaction which will likely invite regulatory scrutiny," writes analyst Vishal Shreedhar. A transaction would also require a large equity component, which further adds risk, he adds.

"We have a preference for smaller deals in familiar/developed markets coupled with ongoing focus on organic growth, and capital return. This is a big bet in many unfamiliar markets; that said, history suggests ATD could execute well."

Maintain Sector Perform; price target is $84.

Price: 81.95, Change: +0.18, Percent Change: +0.22