Investing.com -- Alimentation Couche-Tard, the Canadian owner of Circle K, said on Thursday that it remains committed to its friendly pursuit of Seven & i, the Japanese owner of the 7-Eleven convenience-store chain.
The company’s executives expressed their ongoing interest in a mutually beneficial transaction, despite their frustrations over the slow progress of acquisition talks.
Alain Bouchard, Couche-Tard’s founder and executive chairman, confirmed the company’s stance at a news conference in Tokyo on Thursday.
Emphasizing the potential benefits of the deal, Bouchard stated, “We believe our proposal provides clear value to all stakeholders and should be generally and adequately considered.”
Bouchard also clarified that the company has no intention of turning hostile in its bid to acquire Seven & i. The pursuit remains on friendly terms, with the company aiming for a transaction that is agreeable to all parties involved.
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