Japan 7-Eleven owner soars on takeover offer

By Agence France-Presse

Aug 20, 2024 12:13 am

TOKYO — Shares in the Japanese operator of 7-Eleven soared on Monday after the firm confirmed it had received a takeover bid from Canadian retail giant Alimentation Couche-Tard.

The offer for Seven&i Holdings would create an international convenience store behemoth combining 7-Eleven, Couche Tard, Circle K and other brands across Asia, North America and Europe.

MERGER This file photo taken on Oct. 4, 2022, shows customers walking out of a 7-Eleven convenience store in Tokyo. Shares in 7-Eleven’s Japanese operator Seven&i Holdings soared on Aug. 19, 2024, after the firm received a takeover bid from Canadian retail giant Alimentation Couche-Tard, which could create a large international convenience store chain that includes Circle K and others. AFP PHOTO

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