Mega M&A deal at USD 21 billion

2020/08/09
Others
One of the largest Japanese retail groups, Seven & i holdings, plans to acquire American counterpart Speedway with 4,000 outlets at USD21 billion. Seven & i is the holding company of 7-Eleven which operates, franchises, and licenses over 70,000 stores in 17 countries as of July 2020.

Back in 1991, 7-Eleven Japan got 70% stake of 7-Eleven U.S. when 7-Eleven U.S. filed Chapter 11 bankruptcy and it has fully owned the 7-Eleven U.S. since 2005. 7-Eleven U.S. has revitalized from bankruptcy and now leads the U.S. market with 9,000 outlets and it will become further the largest in the U.S. market with 4,000 stores of Speedway, followed by Canada's Alimentation Couche-Tard, the No. 2 operator in the U.S., with around 6,000 including Circle K shops.

https://asia.nikkei.com/Business/Business-deals/7-Eleven-plans-expansion-to-20-000-US-stores-after-Speedway-buy