Couche-Tard 'confident' it can close 7-Eleven bid
Toronto Star|September 06, 2024
But analysts doubt a deal can get done between the two companies
TARA DESCHAMPS
Couche-Tard 'confident' it can close 7-Eleven bid

Alimentation Couche-Tard Inc.’s incoming CEO says the company is convinced it can close on a blockbuster bid to take over 7-Elevenowner Seven & i Holdings Co. Ltd.

Alex Miller, who is set to replace outgoing CEO Brian Hannasch on Friday, said he is confident in the company’s ability to finance and complete the proposed deal.

“We see a strong opportunity to grow together, enhance our offerings to customers and deliver a compelling outcome for the shareholders, employees and key constituencies of both companies,” Miller told analysts on a conference call Thursday.

Laval, Que.-based convenience store chain Couche-Tard revealed in mid-August that it had made a friendly, non-binding bid to acquire all outstanding shares in Seven & i, which said it would convene a special committee of its board of directors to review the offer.

Citing an unnamed source, Asian business outlet Nikkei reported that Seven & i planned to notify Couche-Tard its offered price was too low. The Japanese company would also cite remaining regulatory concerns in a letter to CoucheTard’s board, the report said.

この記事は Toronto Star の September 06, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Toronto Star の September 06, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

TORONTO STARのその他の記事すべて表示
Toronto Star

Ottawa extends ban on Iranian officials

The federal government is expanding a measure that bans tens of thousands of Iranian officials from entering Canada as part of an effort to hold the regime accountable for human-rights violations.

time-read
2 分  |
September 16, 2024
West shouldn't undersell Putin's nuclear threats
Toronto Star

West shouldn't undersell Putin's nuclear threats

There Vladimir Putin goes again, swinging his nuclear Johnson.

time-read
4 分  |
September 16, 2024
Toronto Star

Deal would give pilots 42% raise over four years

Air Canada has offered its pilots a INDEX 42 per cent pay raise over four years FULL in a tentative agreement to avoid a potential strike or lockout.

time-read
3 分  |
September 16, 2024
Trump targeted at golf course in apparent assassination attempt
Toronto Star

Trump targeted at golf course in apparent assassination attempt

Man in custody after Secret Service fired at suspect

time-read
4 分  |
September 16, 2024
MPs return as Tories look to trigger early election
Toronto Star

MPs return as Tories look to trigger early election

Liberals say they won't delay possible confidence votes

time-read
4 分  |
September 16, 2024
Cole pays price for free pass
Toronto Star

Cole pays price for free pass

Yankees ace allows seven runs after intentional walk of Red Sox's Devers

time-read
2 分  |
September 15, 2024
Argos looking like old selves
Toronto Star

Argos looking like old selves

Kelly's dominance vs. Lions ends any potential quarterback controversy

time-read
3 分  |
September 15, 2024
Toronto Star

Steelers open selves up to more QB drama

From the outside, the Steelers quarterback room looks as though it’s a cacophony of uncertainty, bewilderment, speculation and conjecture, which is exactly the way Mike Tomlin wants it.

time-read
2 分  |
September 15, 2024
Liverpool run ends vs. Forest, Haaland stays hot
Toronto Star

Liverpool run ends vs. Forest, Haaland stays hot

Not good enough. That was Arne Slot’s verdict after his first defeat as Liverpool manager on Saturday.

time-read
2 分  |
September 15, 2024
Korda, U.S. keep rolling at Solheim Cup
Toronto Star

Korda, U.S. keep rolling at Solheim Cup

Alison Lee sparked a shirtless caddy celebration by spinning a wedge into the cup for eagle.

time-read
3 分  |
September 15, 2024