Alimentation Couche-Tard (ACT, Financial), a leading convenience store operator, is in exploratory talks with third parties regarding the potential sale of its U.S. stores. This strategic move aims to facilitate regulatory approval for its acquisition of Seven & i Holdings, the parent company of 7-Eleven.
An ACT spokesperson expressed confidence in the regulatory approval path for the deal with Seven & i, stating that they have presented a strong proposal to the Japanese retail giant. The company has made a $47 billion acquisition offer to Seven & i.
Recently, Seven & i appointed its first foreign CEO, Stephen Dacus, with a mandate to restructure the business to fend off the acquisition offer. Dacus indicated that negotiations with ACT will continue, though significant regulatory challenges remain for the merger of the two companies.
