0841 ET - Seven & i appears to be engaging more with Alimentation Couche-Tard after its founding family failed to secure the financing for its bid to buy the company. In a TD Cowen report, Michael Van Aelst says with that proposal off the table, the Japanese 7-Eleven operator must choose between Couche-Tard's bid and internal value creation strategies. "The probability of ATD's bid succeeding moves higher, particularly given that the board is now engaging with Couche-Tard. That said, unsubstantiated media reports state that ATD is yet to gain access to 7&i's financials," Van Aelst says. U.S. anti-trust concerns are also still a hurdle, Van Aelst adds. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 08:41 ET (13:41 GMT)
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