India, July 16 -- Alimentation Couche-Tard (ATD.TO) announced the withdrawal of its proposal to acquire Seven & i Holdings Co., Ltd. (SVNDF.PK,SVNDY.PK), citing a lack of constructive engagement from Seven & i. Despite offering 2,600 Japanese Yen per share in cash-a 47.6% premium to the unaffected stock price-and demonstrating full financing and a path to regulatory approvals, Couche-Tard encountered repeated resistance and limited dialogue, especially from the Ito family.
Couche-Tard entered into a non-disclosure agreement with Seven & i in April 2025, expecting a good-faith effort to explore a potential deal. However, the due diligence process was slow and unproductive, with minimal access to relevant information and critical questions l...