Couche-Tard’s 7-Eleven Overlaps to Face Skeptical US FTC Review
- More than 45% Circle K stores near 7-Eleven, analysis shows
- Antitrust agency has closely scrutinized food, oil deals
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Circle K operator Alimentation Couche-Tard Inc. is likely to face a tough US antitrust review if it moves forward with its $47.2 billion bid to buy 7-Eleven owner Seven & i Holdings Co., according to a Bloomberg News analysis.
The companies directly compete in thousands of locations across the US with more than 45% of Circle Ks within two miles of a 7-Eleven or related store, according to data compiled by Bloomberg.