{"id":15702,"date":"2025-07-19T16:23:10","date_gmt":"2025-07-19T20:23:10","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2025\/07\/19\/couche-tard-drops-its-takeover-bid-for-7-eleven\/"},"modified":"2025-07-19T16:23:10","modified_gmt":"2025-07-19T20:23:10","slug":"couche-tard-drops-its-takeover-bid-for-7-eleven","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2025\/07\/19\/couche-tard-drops-its-takeover-bid-for-7-eleven\/","title":{"rendered":"Couche-Tard drops its takeover bid for 7-Eleven"},"content":{"rendered":"
\n

Canada’s Alimentation Couche-Tard (ACT) has withdrawn its $47-billion offer for the owner of 7-Eleven, ending a months-long saga to acquire the Japanese giant.<\/p>\n

ACT made an offer last year of nearly $40 billion to create the world’s biggest convenience store chain and then sweetened the bid to $47 billion after the Japanese firm rebuffed the approach.<\/p>\n

The two companies signed a non-disclosure agreement in April in a bid to advance talks.<\/p>\n

But ACT released a letter sent to the board of Seven & i which accused it of “a calculated campaign of obfuscation and delay”.<\/p>\n

“Based on this persistent lack of good faith engagement, we are withdrawing our proposal,” the letter said.<\/p>\n

To fend off the ACT buyout, Seven & i has taken measures including a huge share buyback, an IPO of its US unit and appointing its first foreign CEO.<\/p>\n

ACT’s letter said that “since entering into the NDA, there has been no sincere or constructive engagement from 7&i that would facilitate the advancement of any proposal.”<\/p>\n

It said that ran “contrary to comments made publicly by 7&i representatives, including in the July 11, 2025 earnings call.”<\/p>\n

Seven & i operates some 85,000 convenience stores worldwide.<\/p>\n

Around a quarter of those outlets are in Japan, where they sell everything from concert tickets to pet food and fresh rice balls, although sales have been flagging.<\/p>\n

ACT, which began with one store in Quebec in 1980, runs nearly 17,000 convenience store outlets worldwide, including Circle K.<\/p>\n

Seven & i’s shares fell more than 9% in Tokyo today.<\/p>\n

“ACT’s decision is not what our company had hoped for, and we regard ACT’s news release as containing a number of wrong statements on which we disagree,” the Japanese firm said.<\/p>\n

“Our company has been pursuing all options including ACT’s proposal and our company’s own policy of creating value … Our company will continue policies to create value on our own including our convenience store business in North America,” it said.<\/p>\n

ACT chief executive Alex Miller has described the bid as aimed at creating a “global champion of convenience stores.”<\/p>\n

Seven & i said in September after ACT’s initial approach that its rival had “grossly” undervalued its business and warned the deal could face regulatory hurdles in the US.<\/p>\n

7-Eleven began in the US but has been wholly owned by Seven & i since 2005.<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Canada’s Alimentation Couche-Tard (ACT) has withdrawn its $47-billion offer for the owner of 7-Eleven, ending a months-long saga to acquire the Japanese giant. ACT made an offer last year of nearly $40 billion to create the world’s biggest convenience store chain and then sweetened the bid to $47 billion after the Japanese firm rebuffed the […]<\/p>\n","protected":false},"author":1,"featured_media":15703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-15702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/15702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=15702"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/15702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/15703"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=15702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=15702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=15702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}