Couche-Tard Says Merger Discussions With Seven & i Made Progress -- OPIS

Dow Jones
May 01, 2025

Negotiations for a prospective merger of the world's two largest convenience store chains have made some progress, Alimentation Couche-Tard said Thursday in a news release.

Couche-Tard said it has signed a non-disclosure agreement with Seven & i Holdings to advance discussions of a possible merger.

The agreement facilitates due diligence and helps the companies collaborate on plans to work with regulators, but "there can be no assurance that these discussions will result in a transaction," the release said.

"We appreciate the special committee of Seven & i engaging in substantive discussions regarding our proposal and providing access to diligence. We look forward to working collaboratively with Seven & i in the interests of all stakeholders," Alex Miller, Couche-Tard's president and chief executive officer, said in the announcement.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

--Reporting by Donna Harris, dharris@opisnet.com; Editing by Michael Kelly, mkelly@opisnet.com

 

(END) Dow Jones Newswires

May 01, 2025 10:04 ET (14:04 GMT)

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