TD Bank fined US$3-billion, Couche-Tard revises offer for 7-Eleven and our guide to Canada’s credit cards: Business and investing news for Oct. 13U.S. Attorney General Merrick Garland speaks during a news conference at the Justice Department on October 10, 2024 in Washington, DC. Garland announced that TD Bank would plead guilty and pay $3 billion dollars in fines and penalties over money laundering-related charges.
said in a statement Wednesday that it has received. The Japanese company did not disclose the size of the latest Canadian offer, but a source familiar with the matter said the new price is roughly US$47-billion, Jameson Berkow reports. That would be a 22-per-cent boost on a per-share basis fromearlier this week, including changing its name to 7-Eleven Corp. and moving much of its non-convenience business to a new holding company.
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Falling earnings pressure Seven & i to engage with Couche-Tard’s $47-billion takeover offerJapan’s Seven & i Holdings released results Thursday showing a 35% net profit drop, which will likely renew calls for it to reconsider the bid
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