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Couche-Tard scraps $46 billion bid for Seven & i
Business Standard
|July 18, 2025
Canada's Alimentation Couche-Tard on Thursday pulled its $46 billion bid to buy Seven & i Holdings, saying the retailer refused to engage constructively on the deal, which 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.
The deal is the largest ever proposed corporate buyout to fall apart in the Asia Pacific region, according to Dealogic data.
Seven & i shares closed down 9 per cent at 2007.5 yen, 23 per cent below the 2600 yen offer price, while shares of Canada's Couche-Tard surged 17 per cent to C$80.23 in early trading.
This story is from the July 18, 2025 edition of Business Standard.
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