Circle K Owner Makes Bid to Buy 7-Eleven

The Canadian company behind Circle K wants to buy 7-Eleven's Japanese owner in a blockbuster deal.

Seven & i, which operates the 7-Eleven chain, is mulling an acquisition by Canada's Alimentation Couche-Tard Inc.

The deal would create a global convenience store giant with over 20,000 locations in North America, Europe, and Asia.

Alimentation Couche-Tard is offering to pay 3,300 yen ($30) per share for Seven & i, valuing the company at about $20 billion.

The deal is still in the early stages of negotiation, but it has the potential to be one of the largest mergers in the convenience store industry.

• If the deal goes through, it would give Alimentation Couche-Tard a major foothold in the Japanese market.
• Seven & i has over 20,000 7-Eleven stores in Japan, making it the country's largest convenience store chain.
• The deal would also give Alimentation Couche-Tard a stronger presence in other parts of Asia, where Seven & i has a growing number of stores.

The news of the potential deal has sent Seven & i's stock soaring. The stock rose by over 10% in early trading on Monday.

Alimentation Couche-Tard's stock has also risen in recent days, as investors bet on the potential of the deal.

The deal is still subject to regulatory approval, but it is expected to close in the first half of 2025.