Quebec-based Couche-Tard pulls out of bid for 7-Eleven parent company

The Canadian Press

· Posted: Jul 17, 2025 7:17 AM EDT | Last Updated: 5 hours ago

Alimentation Couche-Tard has backed distant from a bid to bargain the genitor institution of Japanese convenience store elephantine 7-Eleven.

Couche-Tard says it withdrew its connection to bargain Seven & one Holdings Co., Ltd., which it accused of failing to sincerely and constructively prosecute with its offer.

Couche-Tard says it repeatedly sought a affable dialog with Seven & i's founding household but alleges it was not unfastened to immoderate speech and absorption hasn't been consenting to code basal questions astir manufacture dynamics successful the country.

Couche-Tard, the Quebec-based steadfast which owns Circle K and Ingo, archetypal made a affable connection for Seven & one past August. It improved the bid that autumn earlier issuing a non-binding connection earlier this year.

Seven & one initially rebuffed the takeover, saying it would beryllium excessively hard to nab regulatory approvals due to the fact that immoderate would spot the woody arsenic reducing contention crossed respective markets.

But aft Seven & i's founding household failed to unafraid financing for what could person been a competing bid, Couche-Tard and the Japanese steadfast entered much superior discussions earlier this twelvemonth astir a imaginable way forward.