Couche Tard offers US$38 billion for control of 7/Eleven

Featured image of the article Couche Tard offers US$38 billion for control of 7/Eleven

An article by Sophie Baqué

Publication

30 August 2024 à 22h44

Updated on 2 September 2024 à 13h52

Reading time

2 minutes

Publication: 30 August 2024 à 22h44, Updated on 2 September 2024 à 13h52

Reading time: 2 minutes

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An article by Sophie Baqué

Publication

30 August 2024 à 22h44

Updated on 2 September 2024 à 13h52

Reading time

2 minutes

Publication: 30 August 2024 à 22h44, Updated on 2 September 2024 à 13h52

Reading time: 2 minutes

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Three years ago, North American convenience stores specialist Couche Tard failed to takeover Carrefour. On August 19, the owner of Circle K stores (sales of US$69.3 billion in the year to April 2024 down by 3.6%) confirmed a takeover offer for 7/Eleven, without mentioning financials. According to the Japanese daily Nikkei, the offer is US$38 billion. Prior to this announcement, the Japanese giant had a market capitalisation of US$31 billion. As Couche Tard holds US$10 billion in cash, the...

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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