US Edition
Couche-Tard Restarts Share Buybacks After Ending Seven & I Takeover Bid
QUEBEC, CANADA, JUL 21 – Alimentation Couche-Tard plans to repurchase up to $4.2 billion in shares after ending its $46 billion bid for Japan's Seven & i due to lack of constructive engagement, boosting shareholder value.
- Alimentation Couche-Tard, based in Laval, Quebec, restarted its share buyback program on July 23, 2025, after ending its bid for Japan's Seven & i Holdings Co. Ltd.
- The company withdrew its nearly $50 billion takeover proposal last week due to Seven & i's lack of constructive engagement and persistent delays during the year-long process.
- Couche-Tard's authorized buyback covers up to 10% of outstanding shares, representing about 77.1 million shares worth approximately $4.2 billion, to support shareholder value amid market challenges.
- The company’s stock rose 8.3% on July 17 following the bid withdrawal, but it remains down around 5% for 2025, while analysts note cultural differences and economic shifts complicated the deal.
- Couche-Tard plans to seek other acquisition targets as Seven & i continues IPO plans for 7-Eleven, leaving the possibility of future North American deals open according to industry experts.
29 Articles
29 Articles
Withdrawal of Takeover Proposal for Seven & i: How to Increase Corporate Value Remains a Challenge
One of the largest-ever takeover bids by a foreign firm for a Japanese company has abruptly come to an end. The yearlong battle may have an important lesson on ways to increase corporate value.
Seven & i contends that the Diet Layer-Tard demonstrated a regrettable lack of knowledge of Japanese culture in addition to not taking antitrust concerns seriously from the outset in conducting its plan to acquire the operator of 7-Eleven convenience stores.
Seven & i Denies Snubbing Couche-Tard’s $46 Billion Takeover Bid
Seven & i Holdings Co. pushed back against Alimentation Couche-Tard Inc.’s assertions that it refused to engage in meaningful talks over a potential merger, saying that the Canadian suitor didn’t take antitrust concerns seriously enough and doesn’t understand how business is conducted in Japan.
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