7-Eleven confirms huge buyout proposal from Circle K owner

The Canadian owner of Circle K wants to buy rival Seven & i, which, if the deal is agreed, would be the largest foreign takeover of a Japanese listed company; however antitrust issues are likely.

The Japanese parent company of the global convenience store chain, 7-Eleven, confirmed on August 19 that it had received an acquisition proposal from Alimentation Couche-Tard ACT, the owner of Circle K. 

The confirmation was made through Seven i Holdings’ website, revealing that the proposal is to acquire all outstanding shares of the company, which could lead to a merger of a firm with over 85,000 7-Eleven convenience stores worldwide, as well as the largest ever foreign takeover of a Japanese company, if agreed. The first Japanese store opened in 1974, but the company was first founded in Dallas in 1927. 

Canada-headquartered ACT also confirmed...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222