Seven & i Considers ¥5 Trillion Buyout Offer from Canada's Couche-Tard

Aug 19, 2024, 06:36 AM

Seven & i Holdings, the Japanese owner of the 7-Eleven chain, has received a buyout offer from Canadian convenience store operator Alimentation Couche-Tard. The offer, reported by the Nikkei newspaper, is under review by a committee of directors at Seven & i. If accepted, the deal could become the largest-ever foreign takeover of a Japanese company, with the offer reportedly valued at ¥5 trillion ($34 billion) or more. This development has led to a surge in Seven & i's share prices.