Couche-Tard, 7-Eleven parent enter into talks

Seven & i Holdings, the parent company of the 7-Eleven convenience chain, acknowledged today that it’s in talks with Alimentation Couche-Tard over a plan to clear the way for the Canadian firm’s takeover proposal. That would involve divestments for the sake of satisfying antitrust laws in the U.S., where the two companies combined operate some 20,000 stores. Seven & i last week named Stephen Dacus as CEO, with a mandate to negotiate over Couche Tard’s $47 billion offer.