Comment on 7-Eleven is at the center of a multibillion-dollar bidding war

7-Eleven is at the center of a multibillion-dollar bidding war

7-Eleven stores are at the center of a multibillion-dollar bidding war.Getty ImagesSeven & i Holdings, owner of 7-Eleven stores, is at the center of a three-way bidding war.The company's management, its founders, and a Canadian convenience store company all want control.Depending on who ultimately prevails, the Japan-based company could go private.Japan-based Seven & i Holdings, owner of the iconic global chain of 7-Eleven convenience stores, is at the center of an intensifying bidding war, multiple outlets reported.The company's management, its founding family, and a Canadian company — Alimentation Couche-Tard, owner of Circle K convenience stores — are all interested in control of the chain, with bids upward of $58 billion.Business Insider previously reported Alimentation Couche-Tard made its first bid this summer, proposing a purchase to expand its nearly 17,000-store catalog of global convenience stores with 7-Eleven's approximately 85,000 locations if the sale was approved.

 

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