MONTREAL – The parent company of 7-Eleven says it remains committed to its stand-alone plan after Canadian company Alimentation Couche-Tard Inc. backed away from its offer to buy its rival.
Japanese company Seven & i Holdings Co. Ltd. says it engaged in good faith and constructively with the Quebec-based company to explore the possibility of reaching a deal.
Couche-Tard has said that it walked away from its offer Wednesday due to what it called a “lack of constructive engagement.”
Had the deal gone ahead, it would have handed Couche-Tard a dominant position in the global convenience store game.
Couche-Tard spent nearly a year courting the Japanese company which also holds a broader portfolio of supermarkets, food producers and financial services companies.
Couche-Tard has close to 17,000 stores in 29 countries and territories around the world.
This report by The Canadian Press was first published July 17, 2025.
Companies in this story: (TSX:ATD)
