Reported about 9 hours ago
Seven & i Holdings has started discussions with Canada's Alimentation Couche-Tard regarding the sale of stores, which could facilitate Couche-Tard’s $47 billion acquisition bid. Both companies dominate the U.S. convenience store market, and Seven & i noted potential antitrust issues. The talks include exploring a divestiture process to help gain regulatory approval, as Couche-Tard has also identified potential U.S. stores for sale. The deal's complexity is heightened by a recent leadership change at Seven & i and opposition from some shareholders to the CEO succession plan.
Source: YAHOO