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Seven & i, Couche-Tard sign NDA on potential store divestments 
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Seven & i, Couche-Tard sign NDA on potential store divestments 
Mar 19, 2025 2:55 AM

TOKYO, March 19 (Reuters) - Japan's Seven & i ( SVNDF ) and

Alimentation Couche-Tard ( ANCTF ) have signed a non-disclosure

agreement over the stores they may need to offload to meet U.S.

antitrust conditions in the event the Canadian retailer buys the

Japanese company, a Seven & i ( SVNDF ) spokesperson said on Wednesday.

The two retailers have also signed NDAs with potential buyers of

the stores. Seven & i ( SVNDF ) and Couche-Tard announced they were

working together on sounding out buyers last week.

The NDAs were signed in early March and only cover stores that

are potential divestiture candidates, the spokesperson said.

Couche-Tard submitted a $47 billion buyout offer for Seven & i ( SVNDF )

last year, but the operator of the 7-Eleven convenience store

chain has resisted signing an NDA and offering due diligence on

its entire business, citing antitrust hurdles in the U.S.

Couche-Tard has said signing a full NDA would allow it to make

an enhanced offer. However Seven & i ( SVNDF ) has said that they must

first find a credible buyer for 2,000 or more stores in the

U.S., otherwise there would be an unacceptable risk should the

deal be blocked.

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