Alimentation Couche-Tard’s bid for Seven & i Holdings, the Japanese owner of 7-Eleven, remains hung up on “serious U.S. antitrust challenges,” said Ryuichi Isaka, Seven & i’s outgoing CEO, in a statement on Wednesday.
Isaka added that Seven & i and Couche-Tard — who have been in merger talks for eight months — have made “no meaningful progress on finding a solution” to these issues.
Isaka’s comments come about a month after Seven & i and Couche-Tard revealed they’d begun identifying potential buyers for at least 2,000 overlapping c-stores in North America to appease antitrust concerns in pursuit of their merger. By mid-March, the retailers were having prospective buyers sign non-disclosure agreements.
Full story Seven & i, Couche-Tard make ‘no meaningful progress’ on antitrust concerns | C-Store Dive
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