Quebec-based convenience store giant Alimentation Couche-Tard, parent of the Circle K and Daisy Mart banners, has extended a non-binding offer to acquire its Japanese-owned competitor Seven & i Holdings Co. Ltd. The deal is valued at approximately US$31 billion. A merger would make it the biggest foreign takeover of a Japanese company and bring Couche-Tard’s value to US$58.5 billion. Seven and i operates more than 84,000 stores in 19 countries under the 7-Eleven brand.
Rebecca Dumais
