There's been a battle in the convenience store space in the U.S. Canada's Alimentation Couche-Tard, owner of Circle K convenience stores, has said it wants to acquire all remaining shares of Seven & i Holdings, which runs 7-Eleven internationally.
Seven & i has approximately 85,000 stores — including 7-Eleven stores and Speedway gas stations in the U.S. in 19 countries and regions reaching about 59.9 million people daily, according to company filings. Couche-Tard claims a total network of 16,740 locations.
That's brought up regulator scrutiny. Such an acquisition would result in an excess of 100,000 stores — quite a number for regulators to consider. The U.S. portion would account for approximately 20% of the convenience stores in the country. Regulators in Japan are also likely to skeptically eye the combination.
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