ALIMENTATION COUCHE-TARD INC (ATD.CA) Stock News

Seven & I Convenience Store Recovery Hits Wider Retail Headwinds

Seven & i Holdings Co. will show some signs of recovery at its convenience stores in Japan and North America when it reports quarterly results, but that may not be enough to stave off investor pressure to engage with a takeover approach from Alimentation Couche-Tard Inc.

Seven & i $60 Billion Management Buyout to Include US Assets IPO

The ¥9 trillion ($60 billion) proposed management buyout of Seven & i Holdings Co. is set to include plans for an initial public offering of its North American convenience stores and gasoline stations business to ease financing concerns, people with knowledge of the matter said.

Couche-Tard Not Giving Up on Bid to Acquire 7-Eleven’s Owner

Canadian convenience store and fuel retailer Alimentation Couche-Tard Inc. remains committed to snapping up its Japanese rival Seven & i Holdings Co. despite a new management buyout proposal valued at about $58 billion.

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Seven & I Is Said to Consider $58 Billion Management Buyout

Seven & i Holdings Co. is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth ¥9 trillion ($58 billion), people with knowledge of the matter said.

Seven & i Is Said to Plan Reducing Stake in Banking Unit to 38%

Seven & i Holdings Co., the convenience-store operator facing a takeover approach from Canada’s Alimentation Couche-Tard Inc., plans to reduce its stake in its banking unit to 38% as part of a broader revamp, people with knowledge of the matter said.

Couche-Tard Scion Bets on Property to Diversify Family Fortune

The son of Alimentation Couche-Tard Inc. co-founder Richard Fortin is betting on one of Canada’s hottest real estate markets to diversify the billionaire family’s retail fortunes.

Seven & i Targeting Group Revenue of ¥30 Trillion by 2030

Seven & i Holdings Co.’s plan to split in two and expand abroad will help the retailer almost double group revenue, Chief Executive Officer Ryuichi Isaka said in an appeal to shareholders as Alimentation Couche-Tard Inc. seeks to buy the Japanese convenience-store operator.

Seven & I Takeover Feud Spurs Bank Unit Buyback Speculation

The takeover battle for Seven & i Holdings Co. is fueling share gains in its banking unit, on speculation the Japanese retail giant will cut its stake and allow the lender to conduct buybacks more freely.

Couche-Tard’s 7-Eleven Overlaps to Face Skeptical US FTC Review

Circle K operator Alimentation Couche-Tard Inc. is likely to face a tough US antitrust review if it moves forward with its $47.2 billion bid to buy 7-Eleven owner Seven & i Holdings Co., according to a Bloomberg News analysis.

Couche-Tard Executives Make Case to Buy Seven & i in Tokyo

Alimentation Couche-Tard Inc.’s founder and top executives are spending three days in Tokyo this week, seeking to make their case for buying Seven & i Holdings Co. for about ¥7.1 trillion ($47.4 billion) despite being rebuffed by the Japanese retailer.

Couche-Tard Chairman Says Interested in Whole of Seven & i

Alimentation Couche-Tard Inc. is interested in buying the entirety of Seven & i Holdings Co., and will keep the local operations of the Japanese convenience store and retail giant intact, Chairman and founder Alain Bouchard said.

Seven & i Investor Says Revamp Aimed at Fending Off Couche-Tard

Seven & i Holdings Co.’s recently announced restructuring plan is “too little, too late” and was designed to thwart Alimentation Couche-Tard Inc.’s takeover proposal, a shareholder in the Japanese retailer said.

Seven & i Will Split Into Two to Fend Off Couche-Tard Takeover

Seven & i Holdings Co. is embarking on its biggest-ever overhaul, betting that a bold breakup will help fend off an unsolicited takeover proposal from a smaller rival and make up for a sluggish profit outlook.

Seven & i Cuts Profit Forecast, to Focus More on Core Business

Seven & i Holdings Co. detailed plans to rename itself and shed non-core businesses, seeking to make the case that the business can be worth more in the face of a higher buyout proposal from Alimentation Couche-Tard Inc.

Seven & I Should Sell Businesses to Defend Takeover Bid, Academic Says

The best defense for Seven & i Holdings Co. against a takeover proposal by Alimentation Couche-Tard Inc. is to sell its entire stake in some businesses, according to a prominent academic in Japan.

Seven & I Restructuring, Profit Outlook Are in Focus at Earnings

Seven & i Holdings Co. is set to report quarterly earnings at a critical time, with much of the focus on what it will say about restructuring and its profit outlook, after the Japanese retailer received a higher buyout offer from Alimentation Couche-Tard Inc.

Couche-Tard Can’t Boost Seven & I Bid Much Higher Than $47 Billion, Analysts Say

Canadian convenience store operator Alimentation Couche-Tard Inc. still has room to increase its $47 billion bid for Seven & i Holdings Co., but any further boost is likely to be small, analysts say.

Couche-Tard Suggested Higher Price of $47 Billion for Seven & I

Alimentation Couche-Tard Inc. sent Seven & i Holdings Co. a new potential acquisition price of $18.19 per share last month that values the Japanese retailer at ¥7 trillion ($47.2 billion), a premium of around 20% from the prior offer and the company’s current stock price, people with knowledge of the matter said.

Seven & I’s Effort to Raise Value in Focus at Quarterly Earnings

Seven & i Holdings Co. Chief Executive Officer Ryuichi Isaka will make his first public appearance since Alimentation Couche-Tard Inc. approached the Japanese retailer with a buyout proposal, facing pressure to show that the business can command a higher valuation.

Quebec Pension Fund Says It’s Ready to Back Couche-Tard in 7-Eleven Quest

A senior executive at Quebec’s public pension manager said the fund will likely provide financial backing to Alimentation Couche-Tard Inc. if it moves ahead with a takeover bid for Seven & i Holdings Co., the parent of the 7-Eleven chain.

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Seven & I Approaching Buyers for Retail, Supermarkets Units

Seven & i Holdings Co. has approached potential buyers for its Ito-Yokado stores and supermarkets as it seeks to restructure in the face of a takeover approach from Canada’s Alimentation Couche-Tard Inc., people with knowledge of the matter said.

Uniqlo, 7-Eleven Owners Seek Overseas Growth Amid Weak Consumption in Japan

Earnings from Japan’s Fast Retailing Co. and Seven & i Holdings Co. should show how retailers are chasing growth overseas to make up for a lagging local consumer sector.

7-Eleven Owner Seeking to Sell Off Part of Stake in Banking Unit

Seven & i Holdings Co., the convenience-store operator facing a takeover approach from Canada’s Alimentation Couche-Tard Inc., is exploring the sale of part of its stake in Seven Bank Ltd., people with knowledge of the matter said.

Seven & I Gets New Designation, a Potential Hurdle for Takeover

The Japanese government added Seven & i Holdings Co. to a list of “core” designated companies, a potential hurdle for Alimentation Couche-Tard Inc.’s proposal to buy out the convenience-store operator.

Pressure Intensifies for Seven & I to Prove It Isn’t Undervalued

Now that Alimentation Couche-Tard Inc. has signaled its willingness to raise the price for its takeover proposal for Seven & i Holdings Co., the pressure is on the Japanese retailer to show that it can command a higher number, whether in negotiations or through its own efforts.

Couche-Tard Discusses Higher Price for 7-Eleven Owner

Alimentation Couche-Tard Inc. is discussing improving its takeover proposal for Seven & i Holdings Co. with the goal of convincing the Japanese convenience store operator to start engaging in talks, people with knowledge of the matter said.

Couche-Tard Set to Affirm Seven & i Interest After Rejection

Alimentation Couche-Tard Inc. plans to tell Seven & i Holdings Co. that it’s still keen to pursue an acquisition, even after the Japanese convenience store operator rejected its initial proposal, people with knowledge of the matter said.

Seven & I Reply to Couche-Tard Shows Japan’s M&A Era Has Arrived

When Seven & i Holdings Co. rejected Alimentation Couche-Tard Inc.’s takeover proposal, the Japanese retailer took pains to clarify that price was the issue, not the idea of an acquisition itself.

Seven & I Dips on Plans to Tell Couche-Tard Proposal Too Low

Seven & i Holdings Co. shares fell on its plans to tell Alimentation Couche-Tard Inc. that its buyout proposal for the Japanese convenience store operator is insufficient and that hurdles over competition regulation remain.

7-Eleven’s Vast Retail Empire Includes Banking, Tower Records

Seven & i Holdings Co., the target of a buyout proposal by Canada’s Alimentation Couche-Tard Inc., is a sprawling global retailer that includes banking, online ticketing, superstores and even Tower Records, a once-popular US record store that went bankrupt.

Couche-Tard Seeks Pension Fund Backing for Seven & I Bid

Alimentation Couche-Tard Inc. is seeking backing from some of Canada’s largest pension funds to support its proposed acquisition of 7-Eleven owner Seven & i Holdings Co., people familiar with the matter said.

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Seven & I Seeking Protection Tests Japan’s Appetite for Reform

Seven & i Holdings Co.’s desire for government protection against Alimentation Couche-Tard Inc.’s buyout proposal suggests Japan may not be ready yet for big cross-border mergers. How the state reacts will tell the world whether the country is ready for change.

Seven & I Dips on News of Protective Steps After Buyout Approach

Seven & i Holdings Co. shares fell as much as 3.8% in early morning trade in Tokyo, following news that the operator of 7-Eleven stores wants the Japanese government to change its designation to a category that would raise any potential hurdle for Alimentation Couche-Tard Inc. to move forward with its buyout proposal.