Canada’s Alimentation Couche-Tard (ACT) withdraws $47bn bid to acquire Seven & i Holdings, citing lack of engagement by 7-Eleven owner. ACT proposed acquisition in October 2024 at $14.86 per share. Both companies agreed in March 2025 to evaluate a divestment plan, identifying potential buyers.

After entering a non-disclosure agreement in April, ACT accuses Seven & i of obfuscation and delay, withdrawing proposal. Seven & i responds, citing changes in global economy, exchange rates, and antitrust hurdles for potential transaction. Seven & i remains committed to standalone value creation plan and returning approximately JPY2tn to shareholders by FY2030.

Read more at Yahoo Finance: Couche-Tard drops $47bn acquisition bid for Seven & i