{"id":117004,"date":"2024-08-19T07:13:29","date_gmt":"2024-08-19T07:13:29","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/19\/7-eleven-owner-gets-buyout-offer-from-canada-firm-behind-circle-k\/"},"modified":"2024-08-19T07:13:29","modified_gmt":"2024-08-19T07:13:29","slug":"7-eleven-owner-gets-buyout-offer-from-canada-firm-behind-circle-k","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/19\/7-eleven-owner-gets-buyout-offer-from-canada-firm-behind-circle-k\/","title":{"rendered":"7-Eleven owner gets buyout offer from Canada firm behind Circle K"},"content":{"rendered":"
\"7-Eleven<\/div>


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The owner of convenience store giant 7-Eleven has received a buyout offer from Canadian rival Alimentation Couche-Tard (ACT), which runs the Circle K chain.<\/p>\n

Tokyo-based Seven & i Holdings says it has formed a special committee to decide whether or not to accept the offer.<\/p>\n

Shares in Seven & i jumped by more than 20% on the news.<\/p>\n

That gave the Japanese firm a stock market valuation of around 5.6tn yen ($38.5bn; \u00a329.7bn).<\/p>\n<\/div>\n

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In a statement, Seven & i said it had “received a confidential, non-binding and preliminary proposal by ACT to acquire all [of its] outstanding shares”.<\/p>\n

“[The] Special Committee intends to conduct a prompt, careful and comprehensive review of the proposal,” it added.<\/p>\n

Seven & i has 85,000 outlets worldwide in 20 countries and territories and has a large footprint in Asia.<\/p>\n

Quebec-based ACT is listed on the Toronto Stock Exchange and runs around 17,000 shops more than 30 countries across North America Europe and Asia under the brands Circle K and Couche-Tard.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owner of convenience store giant 7-Eleven has received a buyout offer from Canadian rival Alimentation Couche-Tard (ACT), which runs the Circle K chain. Tokyo-based Seven & i Holdings says it has formed a special committee to decide whether or not to accept the offer. Shares in Seven & i jumped by more than 20% […]<\/p>\n","protected":false},"author":2,"featured_media":117005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/eaa9\/live\/388984a0-5df2-11ef-b4e1-2f06d2be3d2f.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[28839,37546,740,18239,5679,3626,5900],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/117004"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=117004"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/117004\/revisions"}],"predecessor-version":[{"id":117006,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/117004\/revisions\/117006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/117005"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=117004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=117004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=117004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}