Couche-Tard pulls $47 billion bid for Japan's 7 & i
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Couche-Tard, the operator of Circle K stores, after it said the 7-Eleven owner, Seven & i Holdings, refused to engage constructively on the deal.
Tard’s $47 billion bid spurred changes at the chain’s Japanese owner. Now, the question is whether that momentum will carry forward.
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Canadian retailer Couche-Tard Inc has announced its withdrawal from its buyout proposal to acquire Seven and I Holdings Co for $47 billion on Thursday.
Tard, the owner of Circle K, withdrew its proposal to Seven & I, citing a lack of engagement. The latter company will
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Canadian retailer Alimentation Couche-Tard on Thursday pulled its $47 billion bid to buy Seven & i Holdings 3382.T, citing a lack of constructive engagement by the Japanese retailer.
The history of attempted takeovers of marquee Japanese companies by outsiders is mixed. Read more at straitstimes.com. Read more at straitstimes.com.
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Inquirer Business on MSN7 Eleven sees 5,000 Philippine stores in 2026Philippine Seven Corp. (PSC), the exclusive licensor of 7 Eleven convenience stores in the Philippines, expects to exceed the 5,000 store count next year. It is banking on its expansion in the Visayas and Mindanao to drive growth.