Canadian convenience store giant Alimentation Couche-Tard has reiterated its interest in acquiring 7-Eleven's parent company, Seven & I Holdings, despite the rejection of its $38.5 billion buyout offer. Couche-Tard expressed confidence that both parties could still negotiate a "mutually agreeable" deal.
Canadian Couche Tard operates around 16,7000 Circle K stores. Japanese Seven & I runs more than 85,000 7-Eleven stores globally. Although Couche Tard is smaller than Seven & I, it is valuated higher than the Japanese retailer. A merger would create the world’s top operator of over 100,000 convenience stores.