🧵 1. Circle K operator aims to acquire 7-Eleven. Analyst predicts U.S. antitrust scrutiny due to overlap. Deal could lead to divestments for approval. #business
🧵 1. Circle K operator aims to acquire 7-Eleven. Analyst predicts U.S. antitrust scrutiny due to overlap. Deal could lead to divestments for approval. #business
🧵 2. Couche-Tard's bid for 7-Eleven faces potential regulatory hurdles in the U.S. and Japan. FTC likely to scrutinize merger with strong concerns.
🧵 3. Deal proposal could result in combined entity holding 12.3% of U.S. convenience store market. Antitrust risks high, especially in Florida and Texas.
🧵 4. Despite having fewer stores, Couche-Tard commands higher valuation than 7-Eleven owner. Seven & i shares rally, Couche-Tard dips post-bid announcement.
🧵 5. If acquisition completed, it would mark largest foreign takeover of a Japanese company. Analyst sees potential for more acquisitions in Japan's untapped market.
🧵 Read more at: https://www.cnbc.com/2024/08/20/7-eleven-buyout-deal-likely-to-face-anti-trust-issues-retail-analyst.html