
Couche-Tard Clinches Deal to Deepen Seven & i Takeover Talks
Alimentation Couche-Tard Inc. and Seven & i Holdings Co. have signed a non-disclosure agreement that will give the Canadian company access to the 7-eleven operator's financial data as it seeks to formalize an buyout offer, the companies said.
They also agreed to a standstill provision, Seven & i said in a statement, adding that the terms are confidential. They are commonly used to prevent a potential buyer from making a hostile bid while also giving it a fair chance to negotiate a deal.

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