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Alimentation Counche-Tard (ATDBCN: Baa1 / BBB+) Makes offer to 7-11 Parent Seven & I (A2/A

CONSUMER STAPLES

Statement from Couche-Tard below but nothing on the offer price;


"Confirms that it recently submitted a friendly, non-binding proposal to Seven & i Holdings Co., Ltd., ("Seven & i"). The Company is focused on reaching a mutually agreeable transaction that benefits both companies' customers, employees, franchisees and shareholders. There can be no certainty at this stage that any agreement or transaction will be reached. The Company does not anticipate issuing any further public statements regarding discussions with Seven & i unless or until an agreement is reached."


We are seeing Seven Eleven (US operating co) $ lines (Baa2/A) marked +5-10 wider on the open. € ATD lines are +12-16

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