Shareholder Pushes Seven & i to Engage With Couche-Tard

Alimentation Couche-Tard Inc.  proposed last year to purchase the parent company of 7-Eleven for $18.19 per share. — Alimentation Couche-Tard Inc. proposed last year to purchase the parent company of 7-Eleven for $18.19 per share.
Photographer: Kiyoshi Ota/Bloomberg

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By Mathieu Dion and Kanoko Matsuyama

March 9, 2025 at 5:07 PM UTC

Updated on

March 10, 2025 at 8:06 AM UTC

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Seven & i Holdings Co. said it’s engaging with Alimentation Couche-Tard Inc. on ways to ease antitrust concerns over a potential combination of the retailers while denying conflict-of-interest allegations raised by a major shareholder.

Couche-Tard, the Canadian convenience store and gas station operator that owns the Circle K brand, proposed last year to purchase Seven & i for $18.19 per share, but hasn’t been able to enter negotiations with the Japanese company.