Couche-Tard advances Seven & I talks with deal

The agreement is a victory for Couche-Tard, which had been seeking since last year to deepen its engagement with Seven & I. — Bloomberg

TOKYO: Alimentation Couche-Tard Inc and Seven & I Holdings Co have signed a non-disclosure agreement that will give the Canadian company access to the 7-Eleven operator’s financial data as it seeks to formalise a buyout offer, the companies say.

They also agreed to a standstill provision, Seven & I said in a statement yesterday, adding that the terms are confidential.