Couche-Tard undeterred in pursuit to purchase 7-Eleven operator

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Quebec-based Couche-Tard, which operates Circle Ok shops, continues to consider there’s “a singular strategic match” to be realized by means of a merger with Seven & i Holdings.

Couche-Tard chief govt Alex Miller’s feedback come after Seven & i publicized a letter final week that its personal chief govt despatched to Couche-Tard’s management in September explaining why it was rejecting the Canadian firm’s supply.

The letter mentioned Couche-Tard’s proposal was “not in the very best curiosity of Seven & i shareholders and different stakeholders.”

Miller says Couche-Tard is undeterred and that it intends to be “pleasant and chronic” in pursuing the transaction.

The 7-Eleven chain has greater than 20,000 shops nationwide and greater than 80,000 retailers all over the world, serving an estimated 63 million prospects a day.