7-Eleven Owner Confirms It Received Buyout Offer From Canada’s Couche-Tard

The financial terms of the proposal have not been disclosed.

A 7-Eleven storefront in Toronto, on Dec. 13, 2021. Carlos Osorio/Reuters

Seven & i Holdings, the parent company of the 7-Eleven convenience store chain, announced on Monday that it has received a buyout offer from its Canada-based rival, Alimentation Couche-Tard.

The Tokyo-based retailer confirmed in an Aug. 19 statement that Couche-Tard had made a “confidential, non-binding. and preliminary” proposal to acquire all of the company’s “outstanding shares.”