Couche-Tard’s Failed Bid for 7 & i Sparks Debate Over Japan
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Tard’s $47 billion bid spurred changes at the chain’s Japanese owner. Now, the question is whether that momentum will carry forward.
Canada's Alimentation Couche-Tard (OTCPK:ANCTF) has withdrawn its $47B proposal to buy 7-Eleven parent company Seven & i Holdings (OTCPK:SVNDY) following a long year of discussions. The tie-up would've resulted in a Big Gulp,
Strange things are afoot at Circle K. The potential creation of a new convenience store powerhouse has fizzled out, as cultural and financial disagreements proved too difficult to overcome.
Tard, the owner of Circle K, withdrew its proposal to Seven & I, citing a lack of engagement. The latter company will
Canadian retailer Alimentation Couche-Tard on Thursday pulled its $47 billion bid to buy Seven & i Holdings 3382.T, citing a lack of constructive engagement by the Japanese retailer.
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Circle K's parent company has dropped its multibillion-dollar bid to take over Irving-based 7-Eleven's Japanese parent company.
CITGO, Prairie Farms Dairy & Hiland Dairy Foods, QuickChek and Sapp Bros. also give back to their communities.
Subway commuters in Shenzhen, China, may soon need to make room for a fleet of chunky, snack-carrying delivery robots.
Edson DaSilva, 25, of Everett, was sentenced to state prison after pleading guilty to armed robberies of two South Shore convenience stores.
A Baltimore man was sentenced to two life sentences plus 20 years in prison for shooting that killed two men in a 7-Eleven parking lot.