Couche-Tard pulls $47B takeover bid for 7-11 parent

6 hours ago 1
Couche-Tard convenience store and gas station in Gatineau, Quebec, Canada

PaulMcKinnon/iStock Editorial via Getty Images

Canada’s convenience store giant Alimentation Couche-Tard (OTCPK:ANCTF) said Wednesday it has withdrawn its $47B proposal to buy 7-Eleven parent company Seven & i Holdings (OTCPK:SVNDY) (OTCPK:SVNDF), citing a "persistent lack of good faith engagement" by the Japanese retailer.

The surprise

Recommended For You

Read Entire Article