Latest news with #Circle-K
Hindustan Times
23-05-2025
- Business
- Hindustan Times
Circle K's Memorial Day gas deal ends soon: Here's how to save 40 cents per gallon
If you have a Circle-K convenience store near you, it is time to drop by as they have an offer of up to 40 cents off per gallon of gas. This new offer comes while Memorial Day weekend approaches. However, this gas deal is only applicable till Thursday, May 22, says a USA Today report. So, with just a few hours left for the day to wrap up, try visiting a Circle-K store near you. Although the deal at Circle-K will be valid from 4pm-7pm local time on May 22, those customers who are enrolled with the chain's Inner Circle rewards loyalty program also get extended hours for the deal, which could go for late hours into the day. There are steps to enroll for this loyalty program, which is available on their official website. Enter your member ID at the fuel pump and enroll to enjoy the benefits. You can also check out with the membership ID during checkout at the fuel pump to avail of the offers available to loyalty program customers. The offers may not just be limited to gas, but you can get some flashy deals on delicious drinks like the Polar Pop or Froster. ALSO READ | This billionaire could be the next Warren Buffett, check out his best investments You can also unlock new experiences and personalized offers at the Circle-K convenience store at your leisure once you have your member ID.
Yahoo
12-03-2025
- Business
- Yahoo
Couche-Tard rejects Seven & i's antitrust concerns over $47 billion takeover bid
By Anton Bridge and Abigail Summerville TOKYO (Reuters) -Canada's Alimentation Couche-Tard on Tuesday said it is confident there is a "clear path" to overcome U.S. regulatory hurdles in its proposed $47 billion acquisition of Japan's Seven & i, and expressed frustration at the 7-Eleven owner's "limited engagement." The Circle-K owner has been pursuing Seven & i for months even as it received a frosty reception from the Japanese retail giant. "We have reiterated several times over the past few months that we intend to be friendly and persistent in pursuing a transaction," Couche-Tard said in a statement, rejecting the Japanese firm's position that the potentially transformational deal faces major regulatory hurdles. "We have done that in the face of significant frustration and distraction," it added. In some of its most detailed public comments yet, Couche-Tard said it had been working with Seven & i over a plan to divest some of their stores in the United States if the deal were to go through. The comments are the latest salvo in what would be Japan's largest foreign buyout in history, and contradict Seven & i's newly appointed CEO Stephen Dacus, who has reiterated that significant regulatory hurdles stand in the way of a merger. The companies are the top two players in the U.S. convenience-store market, with about 20,000 locations between them. "We firmly believe there is a clear path to regulatory approval in the U.S.," Couche-Tard said, adding they "continue to be disappointed that engagement has been very limited." Seven & i did not immediately respond to a request for comment. Couche-Tard, which operates the Circle-K chain of convenience stores, said it had identified a portfolio of U.S. stores to potentially offload and had begun talks with prospective buyers at the behest of Seven & i. In recent weeks, both Seven & i and Couche-Tard have reached out to potential buyers, including both strategic buyers and private equity firms, to gauge interest in the divestiture package, a person familiar with Seven & i's deliberations said. Couche-Tard needed to find a clear divestiture path that identifies specific stores, a time frame, and a credible buyer, before it considers sharing confidential information with its competitor, the person added. The Canadian suitor in late December submitted a proposal to the Japanese company outlining the commitments it was willing to make to meet U.S. regulatory approval and secure the deal. Those included the number of stores it was willing to divest and a large termination fee. But Couche-Tard's proposal was insufficiently detailed, the person said, adding the proposed termination fee was also too low. "What I do not think our shareholders would want is for us to spend two plus years in limbo just for that to be rejected by the U.S. courts," Dacus said last week. Couche-Tard said it planned to finance the buyout with a combination of equity and debt. It added that it had received letters from Goldman Sachs, Royal Bank of Canada, and Scotiabank in support of its financing, which would be sized to maintain its strong investment-grade credit rating. Sign in to access your portfolio
