Alimentation Couche-Tard has withdrawn its bid to acquire Seven & i, the parent company of 7-Eleven, the convenience retailer announced this week
Couche-Tard, parent company of Circle K, said it reached this decision due to a “lack of constructive engagement by Seven & i.” In a separate letter, Seven & i called that a mischaracterization and acknowledged the “significant changes in the global economy, exchange rates, and financing markets” that likely impacted Couche-Tard’s decision.
While this ends one of the biggest c-store stories of the past year, both companies have major initiatives at hand, with Couche-Tard integrating GetGo Cafe + Market into its operations while Seven & i prepares to take its North American operations public.
Full story Couche-Tard ends takeover bid for Seven & i | C-Store Dive
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