Canada's Couche-Tard says U.S. store divestment plan clears path for Seven & i deal
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Alimentation Couche-Tard Inc. said several potential buyers have made proposals to acquire convenience stores in the U.S. that overlap with Seven & i Holdings Co., showing progress toward a deal that could help the Canadian retailer win regulatory approval for its proposal to buy its Japanese rival.
The two agreed earlier this year to discuss the potential divestment of more than 2,000 stores in the U.S. and seek out interested parties in order to address concerns by Seven & i over a merger being blocked by the U.S. Federal Trade Commission. Couche-Tard also pushed back against any parallels to the failed $24.6 billion merger of grocery chains Kroger Co. and Albertsons Cos.
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