{"id":315,"date":"2025-07-16T23:23:35","date_gmt":"2025-07-16T23:23:35","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=315"},"modified":"2025-07-16T23:23:35","modified_gmt":"2025-07-16T23:23:35","slug":"couche-tard-drops-its-50bn-pursuit-of-7-eleven","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=315","title":{"rendered":"Couche-Tard drops its $50bn pursuit of 7-Eleven"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=3311f06e-fe9c-4537-b9d0-d9d01e648a5c\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Canada\u2019s Alimentation Couche-Tard has withdrawn its record-breaking $50bn proposal to acquire Japan\u2019s Seven &amp; i Holdings, bringing an end to its year-long campaign to pull the 7-Eleven owner to the negotiating table on friendly terms.<\/p>\n<p>Couche-Tard, which owns Circle K, on Thursday said a lack of \u201cconstructive engagement\u201d by Seven &amp; i led to its decision to withdraw the unsolicited takeover proposal that would have resulted in the largest deal for a Japanese company by a foreign group.<\/p>\n<p>\u201cThere has been no sincere or constructive engagement from 7&amp;i that would facilitate the advancement of any proposal,\u201d it said in a letter to Seven &amp; i\u2019s board. \u201cYou have engaged in a calculated campaign of obfuscation and delay, to the great detriment of 7&amp;i and its shareholders.\u201d<\/p>\n<p>The two sides had agreed to work on a solution to concerns about scrutiny from competition authorities that would have involved selling 2,000 stores in the US where their store footprint significantly overlapped.<\/p>\n<p>The Canadian group\u2019s approach triggered the Japanese retail giant to overhaul management and vastly transform its portfolio by selling a stake in domestic general merchandise stores and drawing up plans to list its US arm.<\/p>\n<\/div>\n<p>#CoucheTard #drops #50bn #pursuit #7Eleven<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Canada\u2019s Alimentation Couche-Tard has withdrawn its record-breaking $50bn proposal to acquire Japan\u2019s Seven &amp; i Holdings, bringing an end to its year-long campaign to pull the 7-Eleven owner to the negotiating table on friendly terms. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[454,554,551,552,553],"class_list":{"0":"post-315","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-50bn","9":"tag-7eleven","10":"tag-couchetard","11":"tag-drops","12":"tag-pursuit"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=315"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/316"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}