Alimentation Couche-Tard is looking to acquire another major convenience store player in Seven & i, owners of the popular 7-Eleven convenience store chain. The Canadian company, whose brands include Couche-Tard, Circle K and Ingo, "recently" sent a "friendly-nonbinding proposal" to Japan-based Seven & i, Couche-Tard revealed in a press release Monday.
The companies are both slated to release their latest quarterly financial results in the next couple of months. Couche-Tard said last week its first-quarter earnings were slated for a Sept. 4 release. Meanwhile, Seven & i plans to announce the results for its third quarter in October.