Seven & i Holdings Co. rejected a $38.7 billion takeover proposal from Alimentation Couche-Tard Inc. as too low and fraught with regulatory risk while signaling a willingness to consider a sweetened offer.
“We are open to sincerely consider any proposal that is in the best interests of 7&i shareholders and other stakeholders,” Stephen Dacus, chair of the special committee appointed by Seven & i’s board, wrote in the letter. “However, we will resist any proposal that deprives our shareholders of the company’s intrinsic value or that fails to specifically address very real regulatory concerns.”
Couche-Tard and Seven & i disclosed the Canadian company’s approach on Aug. 19, but had not yet given details of the potential offer, which valued Seven & i at about $14.86 per share, indicating a market value of ¥5.55 trillion ($38.7 billion). While that represents a premium of 21% since the proposal was disclosed, it’s below a recent one-year peak seen in February.
Seven & i told Couche-Tard that its bid does not reflect the value of its business and growth strategy. The Japanese chain also raised concerns about breaching US antitrust laws in the letter.
https://www.bloomberg.com/news/articles/2024-09-06/seven-i-drops-on-plans-to-tell-couche-tard-proposal-is-too-low
Posted by s1n0d3utscht3k
33 Comments
How does this affect Circle K’s legacy ?
My mother always called me a couch-tard 
Circle K is the Walmart of convenience stores.
Strange things are afoot at the circle K
WTF that’s like Ross trying to buy out Nordstrom!?!? 7-11 is like “ya, no”. The balls on Circle K wow.
Mid 2025 recession.
7 Eleven – “Sure we will take your 9 Billion offer”
Yeeeaaahhh fuck circle k.
711 slurping taste better. Their weiners taste better. I make more money behind 711 than circle k (second only to wendys).
*Taiwan has left the chat*
Didn’t 7-11 ask the Japanese government to block the potential buyout as well?
Nvidia should buy 7/11
Please don’t ruin the Japanese 7/11s, they are 1000 times better than any in North America.
Fucking thank you. Garbage NA convenience store doesn’t go ruin a superior quality Asian convenience store elsewhere
I’m not saying 7-11 is great or anything. But Circle K sucks balls.
Keeping it Nippon owned is better
What are the profit margins on slurpees?
If you guys are in Los Angeles 7-11 are pretty fucking shit. Circle k look better out here.
Fun fact, I just went to the 7eleven sub and it seems like it’s been taken over by onlyfans accounts. r/7eleven
Soo I’m very confused… circle k is trying to buy 7/11? Or the other way around? Someone plz clarify this butter for me.
If the circle k could clean their soda machines and keep up to date with the calibration of them… I think I would like circle k more
Huh id of thought 7-11 would’ve been the bigger brand but I don’t get out much
couch and tard
….are there antitrust concerns? What regulatory risks?
Anytime I enter a Circle K it’s only because it’s past midnight and all other stores have either just closed or are a few hours from opening.
I’ve probably had a crappy night and should have already been asleep. And anything I buy will be regretted when I wake up from passing out.
Circle k puts all the way to Australia
Wawa, Quick Check are leagues above both now due to their gas stations. I see 7-11s piggy back off a bunch of random gas stations but it is just simply not the same experience.
7-11> circle K. Both are for poors but 7-11 has way better branding
Good. They need to convert to Japanese 7-11s.
Hehe Couche-Tard 😘
On a retail level, this wouldn’t even make sense. 7-11 is better than Circle K. Now if it was WaWa…
Good, don’t need my 7-Elevens or Speedway convenience stores tarnished by the steaming dog shit that is Circle K
Something strange is afoot at the Circle K.
Lol ya 7-eleven > circle K and they know it..
God am I happy to see this, 7-Eleven is a national treasure.