Reported 27 days ago
Couche-Tard is experiencing significant interest from private equity firms to acquire approximately 2,000 North American convenience stores as part of its efforts to successfully negotiate a ¥7.39 trillion ($49 billion) buyout of Seven & i Holdings. The CFO stated that potential buyers must express their interest by the end of March, as Couche-Tard seeks to divest overlapping retail outlets to address US antitrust concerns. While facing skepticism from Seven & i regarding the viability of the deal, Couche-Tard is committed to ensuring that the stores remain competitive under new ownership and to bolster shareholder value through various strategies.
Source: YAHOO