Couche-Tard means go to bed late, it’s a Québec based convenient store franchise
Thank god.
Good. They suck enough at managing what they already own.
>”There has been no sincere or constructive engagement from 7&i that would facilitate the advancement of any proposal, contrary to comments made publicly by 7&i representatives,” Couche-Tard said in a letter to its board of directors.
>”Rather, you have engaged in a calculated campaign of obfuscation and delay, to the great detriment of 7&i and its shareholders,” the letter said.
>Seven & i said in a statement that “while we are disappointed by ACT’s decision, and disagree with their numerous mischaracterizations, we are not surprised.”
From Reuters
I don’t know much about high level corporate negotiations, but I don’t think Couche Tard would have progressed far in such sensible topic if it communicates like this, as it did from the start.
Good move by 7&i, there was no reason to believe this would be a good thing, only enshitifying to the level of circle K.
What an unfortunate name 😂
As a Canadian, I’m glad we didn’t ~~buy out~~ ruin 7&i.
Good. A lot of people depend on 7-11 for all sorts of things. A bunch of foreign investors would have screwed it up big time.
That’s too bad. I had hoped that their acquisition of 7-11 would bring a lot more international flavors to the convenience store.
From the beginning I thought this would do massive harm to 7 eleven chains and Circle K. There’s no way they could have operated owning the combined businesses in the US without running into antitrust issues. Selling off a lot of the US business immediately loses a lot of the appeal that 7 Eleven has (same goes for Couche-Tard’s ownership of Circle K lots in the US). At that point the major benefits to Couche-Tard merging (synergy and monopolisation within the US) evaporate, and leaving mainly international exposure which Couche-Tard also seemed uninterested in. It didn’t seem like it’d be good value for Couche-Tard shareholders, and certainly not for 7 Eleven shareholders I’d argue.
Within 10 years they’d run into anti-trust issues unless they shedded stores, and really there isn’t much reason for combination at that point.
14 comments
I’m sorry, WHO?
A whattard wants to buy a business owner?
Finally, some good news!!!
Thats one heck of a name.
Couche-Tard means go to bed late, it’s a Québec based convenient store franchise
Thank god.
Good. They suck enough at managing what they already own.
>”There has been no sincere or constructive engagement from 7&i that would facilitate the advancement of any proposal, contrary to comments made publicly by 7&i representatives,” Couche-Tard said in a letter to its board of directors.
>”Rather, you have engaged in a calculated campaign of obfuscation and delay, to the great detriment of 7&i and its shareholders,” the letter said.
>Seven & i said in a statement that “while we are disappointed by ACT’s decision, and disagree with their numerous mischaracterizations, we are not surprised.”
From Reuters
I don’t know much about high level corporate negotiations, but I don’t think Couche Tard would have progressed far in such sensible topic if it communicates like this, as it did from the start.
Good move by 7&i, there was no reason to believe this would be a good thing, only enshitifying to the level of circle K.
What an unfortunate name 😂
As a Canadian, I’m glad we didn’t ~~buy out~~ ruin 7&i.
Good. A lot of people depend on 7-11 for all sorts of things. A bunch of foreign investors would have screwed it up big time.
That’s too bad. I had hoped that their acquisition of 7-11 would bring a lot more international flavors to the convenience store.
From the beginning I thought this would do massive harm to 7 eleven chains and Circle K. There’s no way they could have operated owning the combined businesses in the US without running into antitrust issues. Selling off a lot of the US business immediately loses a lot of the appeal that 7 Eleven has (same goes for Couche-Tard’s ownership of Circle K lots in the US). At that point the major benefits to Couche-Tard merging (synergy and monopolisation within the US) evaporate, and leaving mainly international exposure which Couche-Tard also seemed uninterested in. It didn’t seem like it’d be good value for Couche-Tard shareholders, and certainly not for 7 Eleven shareholders I’d argue.
Within 10 years they’d run into anti-trust issues unless they shedded stores, and really there isn’t much reason for combination at that point.