Streetbeat News

ANCTF

Alimentation-Couche Tard, Inc.

http://corpo.couche-tard.com/

Employees

2,010

Industry

Convenience Stores

Open

56.50

Mkt cap

53B

Volume

580

High

56.50

P/E Ratio

20.07

52-wk high

64.34

Low

56.20

Div yield

0.01

52-wk low

51.26

Japan's Ministry of Finance updated its 'Classification List' under the Foreign Exchange and Foreign Trade Act, including Seven & i Holdings. This reclassification may impact Alimentation Couche-Tard's $39 billion takeover attempt of Seven & i, although Japan's Finance Minister suggests it may not hinder the deal.

Portfolio Pulse from Vandana Singh

September 17, 2024 | 3:06 pm

7-Eleven's parent company, Seven & i Holdings, rejected a $39 billion takeover offer from Alimentation Couche-Tard, citing undervaluation. Couche-Tard is considering raising its bid and is open to divestitures for regulatory approval. Shareholders like Oasis Management are disappointed with the rejection.

Portfolio Pulse from Vandana Singh

September 12, 2024 | 1:23 pm

Alimentation Couche-Tard is pursuing talks with Seven & i Holdings after its $38.5 billion acquisition bid was rejected. The Canadian company is willing to make divestitures to address antitrust concerns and is confident in securing financing for the deal.

Portfolio Pulse from Benzinga Neuro

September 09, 2024 | 2:38 am

Seven & i Holdings Co. rejected a $39 billion takeover offer from Alimentation Couche-Tard, citing undervaluation and regulatory challenges. The board remains open to better offers that recognize the company's value and address regulatory concerns.

Portfolio Pulse from Vandana Singh

September 06, 2024 | 12:47 pm

Alimentation Couche-Tard Inc. has proposed a $31 billion buyout of Seven & I Holdings Co, the Japanese owner of 7-Eleven. This acquisition could shift 7-Eleven's ownership from Japan to Canada, making Alimentation Couche-Tard the world's leading convenience store operator. The deal could face regulatory scrutiny due to its scale.

Portfolio Pulse from Chris Katje

August 21, 2024 | 2:48 pm

Shares of Seven & I Holdings, owner of 7-Eleven, dropped 6% after an initial surge due to a takeover proposal from Alimentation Couche-Tard. The potential acquisition could be the largest-ever foreign buyout of a Japanese company.

Portfolio Pulse from Benzinga Neuro

August 20, 2024 | 2:41 am

Canadian company Alimentation Couche-Tard has proposed a $31 billion bid to acquire Seven & I Holdings, the owner of 7-Eleven. If approved, this would be the largest foreign takeover of a Japanese company, creating a global leader in convenience stores. The merger could face regulatory scrutiny in North America.

Portfolio Pulse from Chris Katje

August 19, 2024 | 7:43 pm

Seven & i Holdings Co. has confirmed receiving a confidential, non-binding, and preliminary proposal from Alimentation Couche-Tard Inc. The details of the proposal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:34 am

Fire & Flower Holdings Corp. has filed for creditor protection under the Companies' Creditors Arrangement Act (CCAA) and secured a $7.3M debtor-in-possession loan from an affiliate of Alimentation Couche-Tard Inc. The Toronto Stock Exchange may place the company under delisting review.

Portfolio Pulse from Vuk Zdinjak

June 06, 2023 | 1:25 pm

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