🏪 7-Eleven North America's ~$40B IPO just got delayed to 2027.

After rejecting Couche-Tard's $46B hostile bid, Seven & i bet on going solo. But Middle East tensions, weak US spending & underperforming stores forced a reset.

#SevenEleven #IPO #CoucheTard #ConvenienceStore

Couche-Tard restarts share buybacks after ending Seven & i takeover bid LAVAL - Alimentation Couche-Tard Inc. says it's restarting its share buyback program after it announced last week that it had ended its efforts to acquire the owner of the 7-Eleven

Couche-Tard is restarting its $5.8B share buyback program after its attempt to acquire 7-Eleven fell through. #CoucheTard #ShareBuyback #Retail thestar.com/business/couche-tard-restarts-share-buybacks-after-ending-seven-i-takeover-bid/article_1dfa75e8-a67b-5416-89d7-e95dd35b796b.html

Click Subscribe #Canada #CoucheTard #ShareBuyback #SevenAndI #InvestmentNews

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Couche-Tard pulls $47 billion bid for Japan’s Seven & i (Reuters) -Canadian retailer Alimentation Couche-Tard withdrew its $47-billion takeover offer for Japan’s Seven & i Holdings, blaming a lack of constructive engagement by the Japanese retailer. The deal for the operator of 7-Eleven "konbini" stores would have been the biggest foreign buyout of a Japanese company. Here is a bid timeline: AUGUST 19, 2024 Couche-Tard, owner of Circle-K stores, says it has sounded out Seven & i about a potential takeover. The companies disclose no offer value. Shares in Seven & i surge almost 23% to 2161 yen valuing the retailer at about 5.6 trillion yen ($38 billion). SEPTEMBER 6, 2024 Seven & i rejects Couche-Tard’s offer of $14.86 a share, valuing the company at $38.5 billion. SEPTEMBER 13, 2024 Japan’s finance ministry classifies Seven & i as "core" to national security, prompting speculation that this could help defend it from a takeover. OCTOBER 9, 2024 Couche-Tard raises bid for Seven & i by 22%, valuing the company at about $47 billion, sources say. OCTOBER 10, 2024 Seven & i unveils plan to hive off underperforming businesses into holding company and focus on its convenience stores, while assessing Couche-Tard’s revised bid. OCTOBER 16, 2024 U.S. fund Artisan Partners (NYSE:APAM) urges Seven & i board to let Couche-Tard do due diligence and negotiate a takeover price, calling the Japanese retailer’s restructuring plan "too little, too late". NOVEMBER 13, 2024 Seven & i says it has received a potential $58-billion white knight buyout bid from a member of its founding Ito family. NOVEMBER 14, 2024 Artisan Partners urges it to consider a competitive bidding process to secure the highest offer. DECEMBER 25, 2024 Seven & i receives first-round bids of more than $5 billion from private equity firms KKR, Bain Capital and Japan Industrial Partners for its non-core assets, sources say. FEBRUARY 26, 2025 Japan’s Itochu withdraws from the buyout for Seven & i proposed by the retailer’s founding family, two sources say, while Couche-Tard reaffirms its commitment to a takeover. FEBRUARY 27, 2025 Seven & i’s founding Ito family fails to secure financing for $58 billion buyout bid. MARCH 6, 2025 Seven & i appoints its first foreign CEO, Stephen Dacus, tasking him with overhauling its business to engineer a recovery and respond to Couche-Tard’s takeover proposal. MARCH 10, 2025 Seven & i says it is in talks with Couche-Tard over a store sale plan to help overcome U.S. antitrust concerns about a merger of the top two players in its convenience store market. MARCH 11, 2025 Couche-Tard expresses frustration with Seven & i’s "limited engagement", expressing confidence in a "clear path" to overcome U.S. regulatory hurdles. MARCH 13, 2025 Chairman Alain Bouchard says Couche-Tard could bolster its offer if Seven & i became more cooperative and revealed more financial information. MAY 1, 2025 Couche-Tard and Seven & i sign non-disclosure agreement (NDA) giving the Canadian company access to the Japanese retailer’s financial data. JULY 17, 2025 Couche-Tard withdraws its $47-billion bid, citing a lack of constructive engagement by Seven & i management and its founding family. Seven & i says it remains "fully committed to our standalone value creation plan". Its shares slide to a three-month low of 1,997.5 yen. ($1=148.5700 yen) Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if APAM is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Click Subscribe #CoucheTard #SevenAndI #MergersAndAcquisitions #BusinessNews #StockMarket

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Original post on mstdn.moimeme.ca

Canadian multinational convenience store chain Couche-Tard (or if you prefer, Circle K) gives up on its attempt to acquire 7-Eleven […]

Couche-Tard pulls $47 billion takeover bid for Seven & i (Reuters) -Canadian retailer Alimentation Couche-Tard said on Wednesday it was withdrawing its $47 billion takeover bid for Seven & i Holdings, citing a lack of "constructive" engagement with the Japanese company’s founding Ito family. The move ends a year-long attempt by Couche-Tard to create a global convenience store giant with about 20,000 locations by merging Circle K and 7-Eleven brands. It had also agreed to a store sale plan, in a bid to ease some regulatory hurdles. "We have repeatedly sought a friendly dialogue with the Ito family but they have not been open to any conversation," Couche-Tard said in a letter to its board of directors. Couche-Tard had raised its offer to $47 billion from $38.5 billion in October last year and in March offered to increase it further if the Japanese firm cooperated and revealed more financial information. Its attempts at cementing the acquisition had gathered steam after a rival $58 billion white-knight bid from Seven & i Holdings’ founding family ended after failing to get financing. The companies had inked a non-disclosure agreement (NDA) earlier this year, but "the quantity and substance of the permitted due diligence, including at two tightly constrained management meetings, have been negligible," Couche-Tard said in the letter. "At this point, we had no visibility into whether or when we might receive any further information," Couche-Tard’s letter said. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if 3382 is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

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Photo par Richard Guimond ©2024

COUCHE-TARD
THE GAZ STATION
Beloeil, Québec
Photo par Richard Guimond ©2024
20241002 0014 (2) f
#PhotobyRichardGuimond #photography #colorphotography #couchetard #beloeil #nightphotography #gazstation

L'Illusion - Theatre de Marionettes (puppet theatre).👍
Interesting fact: This newly built theatre is on location of a famous "Store employees unionize & giant corporation #CoucheTard closes the store forever."👎
Corporations have a long union-busting tradition in Quebec.
www.cbc.ca/news/canada/...

7-Eleven pourrait être racheté par les canadiens de Couche-Tard 7-Eleven pourrait être racheté par une grande société canadienne. En Asie, 7-Eleven est connu des touristes lors d'achat de boissons et autres

7-Eleven pourrait être racheté par les canadiens de Couche-Tard

mistertravel.news/2024/09/02/7...

#7Eleven #CoucheTard #Rachat7Eleven
#DistributionMondiale #CommerceDeDétail #mistertravelnews