7-Eleven suitor Couche-Tard 'confident' in financing of buyout

CEO says Canadian company has leeway for 'higher leverage' if needed

20240905N Canadian 7-Eleven

Incoming Alimentation Couche-Tard CEO Alex Miller argued that buying 7-Eleven operator Seven & i holdings would "deliver a compelling outcome" for shareholders and employees. © Reuters

KENJI ASADA, Nikkei staff writer

NEW YORK -- Canadian convenience store giant Alimentation Couche-Tard is "confident in our ability to finance and complete" its proposed acquisition of Japanese peer Seven & i Holdings, incoming CEO Alex Miller said Thursday.

Couche-Tard has reportedly offered around $40 billion for Seven & i. The Japanese company intends to send a response letter saying that the proposed price is too low.

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