Circle-K Parent company wants to buy 7-Eleven

The company behind Circle K is making a move to acquire all 7-Eleven stores, according to a confidential proposal received by 7-Eleven. The proposal, described as “non-binding and preliminary,” seeks to purchase all outstanding shares of the Japanese retail giant.

In response to the proposal, 7-Eleven’s board of directors has established a special committee to conduct a “prompt, careful, and comprehensive review” of the offer. The company stated that it will provide an update once a decision has been made or if additional information needs to be disclosed.

Photo from 7-Eleven website

Victoria Promenade at sunset

Might a Thaw be on the Horizon?

Edmonton remains stuck in winter’s icy grip, with flurries and bitter cold dominating the forecast. Frostbite risks are high as temperatures refuse to budge, though the weekend brings a break with clear skies and sunshine. Early next week, the deep...

Read More >>