Deal For 7-Eleven Moves Closer As Books Opened To Circle K Owner

By: bitcoin ethereum news|2025/05/05 19:15:58
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The owner of 7-Eleven and Couche-Tard have entered into an NDA. A mega-merger of two convenience store giants looks to have taken a step closer after the Tokyo-based owner of 7-Eleven entered a non-disclosure agreement (NDA) with Alimentation Couche-Tard (ACT), which operates close to 17,000 Couche-Tard and Circle K stores across North America and Europe. The move comes as the companies continue negotiations which could see Canadian-based Couche-Tard to acquire all the outstanding shares of Seven & i. The Canadian retailer is ramping up its efforts to acquire the Japanese operator of 7-Eleven convenience stores for nearly $50 billion in a deal that will combine the c-store powerhouse with ACT’s Circle K brand. According to an official announcement from the companies, the NDA is meant to progress transaction discussions, facilitate due diligence, and collaborate on plans to engage with regulators. However, there is no assurance that these discussions will result in a transaction. “We appreciate the Special Committee of Seven & i engaging in substantive discussions regarding our proposal and providing access to diligence. We look forward to working collaboratively with Seven & i in the interests of all stakeholders,” Alex Miller, Couche-Tard President and CEO said in a release. Circle K Owner Targets 7-Eleven The agreement, considered a prerequisite for friendly talks, includes provisions that ACT does not conduct a hostile takeover, while the Tokyo-based company insisted that it will continue to explore its own growth plans. “The execution of the NDA is a positive step in the constructive engagement process with Couche-Tard,” said Paul Yonamine, chair of the Japanese company’s special committee looking into the takeover proposal. “We remain committed to pursuing two parallel paths to ensure that value for shareholders and other stakeholders is maximized.” The takeover proposal from Couche-Tard first came to light in August last year but to date Seven & i had rebuffed all approaches, citing uncertainties over clearing U.S. antitrust hurdles because of the potentially dominant position of the combined businesses in North America. In response, Couche-Tard had agreed to seek a buyer for some of its stores in advance of any potential deal, a fairly standard move for major consolidations of rival retail businesses aa they avoid anti-competition regulations. Circle K Parent Posts Strong Sales In its most recent earnings update posted in March, Couche Tard announced net earnings attributable to shareholders of the corporation were $641.4 million for the third quarter of fiscal 2025 compared with $623.4 million for the third quarter of fiscal 2024. Circle K owner ACT has posted strong revenues. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Adjusted net earnings attributable to shareholders were approximately $641.0 million compared with $625.0 million for the corresponding quarter of last year, representing an increase of 2.6%. “Same-store sales were positive in both Canada and Europe compared to the same quarter last year, and we had sequential improvement in the United States, impacted by historic winter storms in our southern business units,” Miller said. “Food continued to grow in the United States as our meal deal promotions performed well and have been extended to Canada. In our fuel business, we are maintaining market share in the United States and margins aligned with recent quarters. As inflationary pressure persists, our number one priority is winning our customers by being ready with the products and services they want at compelling value,” he added of Circle K and Couche Tard’s performance. Source: https://www.forbes.com/sites/markfaithfull/2025/05/05/deal-for-7-eleven-moves-closer-as-books-opened-to-circle-k-owner/

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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