Couche-Tard Rules Out Hostile Takeover of Seven & i

Alimentation Couche-Tard Inc. has ruled out the possibility of a hostile takeover of Japan's Seven & i Holdings, as confirmed by co-founder Alain Bouchard. The Canadian retailer is focused on securing a friendly acquisition, having raised its buyout offer to approximately $47.2 billion after Seven & i rejected previous proposals. Meanwhile, Seven & i is exploring a management buyout led by its founding Ito family, which has garnered financial backing and could be valued at up to $58 billion. Couche-Tard's CEO, Alex Miller, emphasized that their current offer is compelling for all stakeholders involved. Despite the competitive landscape, Bouchard reiterated that aggressive tactics are not part of their strategy. Investors remain curious whether Couche-Tard will be compelled to increase its bid further amidst the escalating rivalry.