Consumer
Couche-Tard Can’t Boost Seven & I Bid Much Higher Than $47 Billion, Analysts Say
- Canada firm is looking for friendly talks with 7-Eleven parent
- Higher bid may depend on estimates of merger synergies
Alimentation Couche-Tard Inc. latest bid values Seven & i Holdings Co. at about seven times earnings before interest, taxes, depreciation, and amortization.
Photographer: Shiho Fukada/BloombergThis article is for subscribers only.
Canadian convenience store operator Alimentation Couche-Tard Inc. still has room to increase its $47 billion bid for Seven & i Holdings Co., but any further boost is likely to be small, analysts say.
Couche-Tard made a second offer to Seven & i last month at $18.19 per share as it tries to engage the Japanese retailer in deal talks, people familiar with the matter told Bloomberg News. No substantive negotiations have taken place yet, the people said.