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Alimentation Couche-Tard advances in talks to acquire Japan's 7-Eleven parent company, a potential $40B deal.
Alimentation Couche-Tard, which operates Circle-K stores, has signed a non-disclosure agreement with Seven & i Holdings, the parent company of 7-Eleven.
This step advances Couche-Tard's attempt to acquire Seven & i, a deal that could be the largest foreign takeover of a Japanese firm.
Despite previous rejections, including a $40 billion offer, Couche-Tard is now gaining access to Seven & i's financial data, a move both companies see as a positive step towards negotiations.
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