Hostile takeover for 7-Eleven owner 'not in the plan,' says Couche-Tard's chairman

Counterproposal by Seven & i's founding family leaves ownership battle uncertain

20241121 Couche-Tard and Seven eleven

Alimentation Couche-Tard's takeover bid for Seven & i, the Japanese owner of the 7-Eleven convenience store chain, is valued at $47 billion. (Photo by Akira Kodaka and AP)

KENJI ASADA, Nikkei staff writer

MONTREAL -- Alain Bouchard, executive chairman of Alimentation Couche-Tard, says a hostile takeover of Japan's Seven & i Holdings is "not in the plan" as the Canadian retailer seeks to acquire the Japanese owner of the 7-Eleven convenience store chain.

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