Alimentation Couche-Tard Inc. has been meeting with key shareholders of Seven & i Holdings Co. to push for takeover talks. Couche-Tard's founder and Chairman, Alain Bouchard, held private meetings in Tokyo with Seven & i shareholders to outline the benefits of the potential deal, emphasizing the growth opportunities, especially in Japan where 7-Eleven has a strong presence. Despite the Canadian company's assurance that it is not considering a hostile takeover, Bouchard hinted at the possibility of a more attractive bid if Seven & i grants access to financial information for due diligence.

Couche-Tard declined to comment on the matter, while Seven & i stated they are engaging with institutional investors and maintaining communication with Couche-Tard. The pressure on Seven & i to engage in talks has increased since Couche-Tard's $49 billion proposal became public in August. The rejection of the offer due to concerns over antitrust regulations has led to a management buyout plan collapse and urged Seven & i to resolve the impasse swiftly.

The recent appointment of Stephen Dacus as Seven & i's new CEO and other strategic moves, such as selling its supermarkets and retail business and planning a significant share buyback, have further fueled the push for negotiations. Shareholders, including M&G Investments, are emphasizing the need for a prompt resolution to avoid prolonged distractions related to ownership issues.