Shares of Seven & i Holdings (JP:3382) (SVNDY), the Japanese owner of 7-Eleven, tumbled after Canadian convenience store giant Alimentation Couche-Tard (TSE:ATD) walked away from its nearly $47 billion acquisition offer. Following the news, Seven & i’s Japan-listed shares fell by over 9% in today’s trading session.
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Seven & i is a Japanese retail conglomerate best known as the parent of 7‑Eleven. Meanwhile, Alimentation Couche-Tard is a Canadian multinational convenience store operator, known for its Circle K brand.
Couche-Tard Ends Mega-Merger Plan
The move ends months of speculation around a potential mega-deal that would have reshaped the global convenience store landscape. To provide some context, Seven & i Holdings received a record-breaking takeover offer from Alimentation Couche-Tard in August 2024, which it ultimately declined. While Couche-Tard later signaled openness to renewed talks, Seven & i said it was willing to engage, provided any future proposal reflects the company’s true value.
In a recent development, Couche-Tard stated that Seven & i had not shown any genuine or helpful interest in moving discussions forward, despite what its representatives said publicly. Instead, Couche-Tard accused Seven & i of purposely stalling and creating confusion, which it believes has harmed both the company and its shareholders.
In response, Seven & i expressed disappointment over Couche-Tard’s decision to withdraw its bid but pushed back against what it called “numerous mischaracterizations” in the Canadian company’s allegations.
What Is the Target Price for Seven & i Holdings?
As per the consensus among analysts on TipRanks, 3382 stock has been assigned a Moderate Buy rating based on one Buy recommendation. The Seven & i Holdings share price target of ¥2,591.9 implies an upside of 29.12% from the current share price level.
