FTC Tells Seven & i of Plan to Probe Couche-Tard Deal, Reuters Reports

Dow Jones

Sep 11, 2024

--The Federal Trade Commission has notified Japan's Seven & i, the operator of 7-Eleven convenience stores, that it intends to investigate any potential takeover of the chain by Canada's Alimentation Couche-Tard for antitrust violations, Reuters reports, citing unnamed sources.

--Alimentation Couche-Tard, which owns Circle K stores, has offered to acquire Seven & i in a deal valued at about $38.7 billion. Seven & i rejected the Canadian company's offer last week, but said Monday that it would be open to further discussions if Alimentation Couche-Tard improved its bid.

--The FTC sent notice of its interest in the matter to Seven & i after Alimentation Couche-Tard's offer was made public on Aug. 19, according to Reuters' unnamed source.

--The agency didn't immediately respond to Reuters' request for comment, the report said.

Full story: https://www.reuters.com/markets/deals/ftc-tells-seven-i-it-intends-probe-potential-couche-tard-deal-source-says-2024-09-10/

(END) Dow Jones Newswires

September 10, 2024 12:10 ET (16:10 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2466546361"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2466546361\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2466546361?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-11 00:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2466546361","market":"sh","top_or_hot":-1,"title":"FTC Tells Seven & i of Plan to Probe Couche-Tard Deal, Reuters Reports","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  --The Federal Trade Commission has notified Japan's Seven &amp; i, the operator of 7-Eleven convenience stores, that it intends to investigate any potential takeover of the chain by Canada's Alimentation Couche-Tard for antitrust violations, Reuters reports, citing unnamed sources. \n</p>\n<p>\n  --Alimentation Couche-Tard, which owns Circle K stores, has offered to acquire Seven &amp; i in a deal valued at about $38.7 billion. Seven &amp; i rejected the Canadian company's offer last week, but said Monday that it would be open to further discussions if Alimentation Couche-Tard improved its bid. \n</p>\n<p>\n  --The FTC sent notice of its interest in the matter to Seven &amp; i after Alimentation Couche-Tard's offer was made public on Aug. 19, according to Reuters' unnamed source. \n</p>\n<p>\n  --The agency didn't immediately respond to Reuters' request for comment, the report said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://www.reuters.com/markets/deals/ftc-tells-seven-i-it-intends-probe-potential-couche-tard-deal-source-says-2024-09-10/ \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 10, 2024 12:10 ET (16:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FTC Tells Seven & i of Plan to Probe Couche-Tard Deal, Reuters Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFTC Tells Seven & i of Plan to Probe Couche-Tard Deal, Reuters Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-09-11 00:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  --The Federal Trade Commission has notified Japan's Seven &amp; i, the operator of 7-Eleven convenience stores, that it intends to investigate any potential takeover of the chain by Canada's Alimentation Couche-Tard for antitrust violations, Reuters reports, citing unnamed sources. \n</p>\n<p>\n  --Alimentation Couche-Tard, which owns Circle K stores, has offered to acquire Seven &amp; i in a deal valued at about $38.7 billion. Seven &amp; i rejected the Canadian company's offer last week, but said Monday that it would be open to further discussions if Alimentation Couche-Tard improved its bid. \n</p>\n<p>\n  --The FTC sent notice of its interest in the matter to Seven &amp; i after Alimentation Couche-Tard's offer was made public on Aug. 19, according to Reuters' unnamed source. \n</p>\n<p>\n  --The agency didn't immediately respond to Reuters' request for comment, the report said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://www.reuters.com/markets/deals/ftc-tells-seven-i-it-intends-probe-potential-couche-tard-deal-source-says-2024-09-10/ \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 10, 2024 12:10 ET (16:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4113","symbol_name":"食品零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2466546361","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466546361","pubTimestamp":1725984600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--The Federal Trade Commission has notified Japan's Seven & i, the operator of 7-Eleven convenience stores, that it intends to investigate any potential takeover of the chain by Canada's Alimentation Couche-Tard for antitrust violations, Reuters reports, citing unnamed sources.--Alimentation Couche-Tard, which owns Circle K stores, has offered to acquire Seven & i in a deal valued at about $38.7 billion. Seven & i rejected the Canadian company's offer last week, but said Monday that it would be open to further discussions if Alimentation Couche-Tard improved its bid.--The FTC sent notice of its interest in the matter to Seven & i after Alimentation Couche-Tard's offer was made public on Aug. 19, according to Reuters' unnamed source.--The agency didn't immediately respond to Reuters' request for comment, the report said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4113":"食品零售","FTC":"First Trust Large Cap Growth Opp","SVNDY":"Seven & I Holdings Co., Ltd."},"translate_title":"据路透社报道，FTC向Seven&i通报了调查Couche-Tard交易的计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SVNDY":0.9,"FTC":1},"content_text":"--The Federal Trade Commission has notified Japan's Seven & i, the operator of 7-Eleven convenience stores, that it intends to investigate any potential takeover of the chain by Canada's Alimentation Couche-Tard for antitrust violations, Reuters reports, citing unnamed sources. \n\n\n  --Alimentation Couche-Tard, which owns Circle K stores, has offered to acquire Seven & i in a deal valued at about $38.7 billion. Seven & i rejected the Canadian company's offer last week, but said Monday that it would be open to further discussions if Alimentation Couche-Tard improved its bid. \n\n\n  --The FTC sent notice of its interest in the matter to Seven & i after Alimentation Couche-Tard's offer was made public on Aug. 19, according to Reuters' unnamed source. \n\n\n  --The agency didn't immediately respond to Reuters' request for comment, the report said. \n\n\n \n\n\n  Full story: https://www.reuters.com/markets/deals/ftc-tells-seven-i-it-intends-probe-potential-couche-tard-deal-source-says-2024-09-10/ \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 10, 2024 12:10 ET (16:10 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}