Couche-Tard ‘disappointed’ after 7-Eleven owner rejects takeover offer

Couche-Tard ‘disappointed’ after 7-Eleven owner rejects takeover offer

Alimentation Couche-Tard Inc. says it is “disappointed” in a refusal of its takeover offer by the Japanese owner of 7-Eleven and remains focused on reaching a deal. In a news release Sunday, the Quebec-based convenience store operator argued its proposal offers clear strategic and financial benefits and it believes the two companies can reach a … Read more

7-Eleven owner rejects Couche-Tard’s takeover offer

7-Eleven owner rejects Couche-Tard’s takeover offer

Descrease article font size Increase article font size The Japanese owner of 7-Eleven has rejected a takeover offer from Quebec-based Alimentation Couche-Tard Inc. Seven & i Holdings Co. Ltd. said the proposal by the Canadian convenience store operator “grossly undervalues” the company. In a letter to Couche-Tard, Seven & i called its offer of US$14.86 … Read more