Key Points
(Bloomberg) -- Alimentation Couche-Tard Inc.s approach to the parent company of the 7-Eleven convenience store chain is the most ambitious idea yet by a company that was built on making one deal after another.. Couche-Tard confirmed Monday that it has made a friendly, non-binding proposal to Japans Seven & i Holdings Co., which has a stock market value of about $38 billion..
But if the Canadian company can pull it off, it would be the fulfillment of a dream for founder Alain Bouchard, who has been eyeing 7-Eleven for decades..
Negotiations on a $20 billion offer for the supermarket chain died in the morass of French politics, but last year the company landed a smaller deal in Europe, acquiring about 2,200 stores from TotalEnergies SE for 3.1 billion ($3.4 billion)...
Couche-Tard has less than 1% market share in the region, compared with 31% for Seven & i, she said.. Deals are in the companys DNA..
In the companys most recent quarterly earnings call, at the end of June, Hannasch told analysts that a few deal ideas had come across his desk, a mix of both Europe and North America and a mix of size...
