MONTREAL – Shares of Alimentation Couche-Tard Inc. gained more than 10 per cent in early trading after walking away from its proposal to buy the Japanese parent company of 7-Eleven.
Shares in the company were up $9.17 or about 13 per cent at $77.49 on the Toronto Stock Exchange.
The Quebec-based company said Wednesday that it walked away from its offer 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.
For its part, 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 spent nearly a year courting the Japanese company, which also holds a broader portfolio of supermarkets, food producers and financial services companies.
This report by The Canadian Press was first published July 17, 2025.
Companies in this story: (TSX:ATD)
