Operator of 7-Eleven in Japan receives takeover offer from Alimentation Couche-Tard
By The Canadian Press on August 19, 2024.
MONTREAL – The company behind the 7-Eleven convenience store chain in Japan says it has received a takeover offer from Alimentation Couche-Tard Inc. Terms of the proposal by the Canadian convenience store company were not disclosed. In a statement, Seven & i Holdings Co. Ltd. says it has received a confidential, non-binding and preliminary offer from Couche-Tard to buy all of the outstanding shares of the company. The board of directors of the Japanese retailer has formed a special committee to review the proposal. Seven & i says the committee will conduct a careful and comprehensive review of the proposal, the company’s stand-alone plans and other alternatives. Couche-Tard has operations in 31 countries and territories and more than 16,700 stores. This report by The Canadian Press was first published Aug. 19, 2024. Companies in this story: (TSX:ATD) 9-8
