Couche-Tard Seeks to Reassure Investors on Seven & I Approach
Canada's Alimentation Couche-Tard Inc. is trying to assure shareholders that management hasn't lost sight of operations amid fragile talks over a potential takeover of rival Seven & i Holdings Co.
The parent company of the Circle K chain has been pursuing Seven & i for months, bidding almost $50 billion for it, but has been rebuffed. The Japanese owner of 7-Eleven stores has raised concerns over antitrust issues in the US and launched an overhaul of its business, arguing that it can produce better returns over the long run as a standalone company.
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