4 days ago
US$46b deal collapses - what doomed Couche-Tard's 7-Eleven takeover?
Canada's Alimentation Couche-Tard on Thursday (17 Jul) pulled its US$46 billion bid to buy Seven & i Holdings – a deal that would have been Japan's largest ever foreign buyout. Couche-Tard, which operates Circle K, spent a year trying to create a global convenience store giant by acquiring the company behind 7-Eleven. CNA's Roland Lim breaks down the abandoned acquisition, which according to Dealogic data, is the largest ever proposed corporate buyout to fall apart in the Asia-Pacific region.
