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US antitrust regulators likely to challenge Couche-Tard’s proposed takeover of 7-Eleven owner

Financial Times LogoFinancial Times11h ago

US antitrust regulators likely to challenge Couche-Tard’s proposed takeover of 7-Eleven owner - Financial Times

Quick Summary:

Although many on Wall Street hope that antitrust enforcement will be eased under a new Harris or Trump administration, both US presidential candidates are expected to give a clear mandate to regulators that any deals that increase inflation or cut jobs should be blocked.

Bankers close to Seven & i said they thought the feasibility of a takeover was low and cited scrutiny by both US regulators and potentially the Japanese government if the foreign takeover became politicised.

A third person said a merger between Seven & i and Couche-Tard would be treated similarly to the $24.6bn deal between US supermarket giants Kroger and Albertsons.

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Article Details

Author / Journalist: Leo Lewis

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 05:16:14 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 729 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22166366

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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  • URL: https://beamstart.com/news/us-antitrust-regulators-likely-to-17241318115181

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