Quebec's Alimentation Couche-Tard 'confident' it can close on bid to for 7-Eleven owner
Alimentation Couche-Tard Inc.'s incoming CEO says the company is "confident" it can close on a blockbuster bid to take over 7-Eleven-owner Seven & i Holdings Co. Ltd.
Alex Miller, who is currently the Laval, Que.-based convenience store chain's president, says he believes the company has what it takes to not just finance the offer but also complete an acquisition.
Couche-Tard revealed in mid-August that it had made a friendly, non-binding bid to acquire all outstanding shares in Seven & i.
On top of global convenience store chain 7-Eleven, Japan-based Seven & i owns supermarkets, food producers, household goods retailers and financial services companies.
Analysts have cast doubt on whether the two companies can reach a deal because they believe satisfying Japanese regulators will be onerous and could force Couche-Tard to let go of some of its assets.
Miller's remarks came on a call with analysts that was meant to delve into the company's second-quarter net earnings attributable to shareholders, which reached US$790.80. That total was down from US$834.1 million in the same quarter last year.
(TSX:ATD)
This report by The Canadian Press was first published on Sept. 5, 2024.
CTVNews.ca Top Stories
DEVELOPING
DEVELOPING Donald Trump was the subject of 'an assassination attempt,' FBI reports
The FBI said Donald Trump was the target of “what appears to be an attempted assassination” at his golf club in West Palm Beach, Fla., on Sunday.
LIVE UPDATES
LIVE UPDATES 2024 Emmy Awards: 'The Bear,' 'Fargo' and 'Hacks' win acting awards
'Shogun,' 'The Bear' and 'Baby Reindeer' at the topo of the queue as the 76th Primetime Emmy Awards arrive on Sunday.
B.C. to open 'highly secure' involuntary care facilities
B.C. will be opening “highly secure facilities” for people with addiction and mental health issues in the province, officials said Sunday.
Calgary police honour 3 Calgarians who helped save Lanny McDonald’s life in airport incident
The Calgary police paid tribute to a trio of Calgarians who saved the life of Lanny McDonald at the airport in February, 2024.
They came from Jamaica for work, now they're homeless and out thousands of dollars in lost wages
Abuse of Canada’s temporary foreign worker program has left a group of carpenters from Jamaica 'destitute' after an Ottawa company refused to pay them for nearly half a year of work.
Montreal bars, restaurants react to Quebec bill to regulate merchant tipping requests
Quebec tabled a bill on Thursday that would regulate how merchants determine suggested tips, forcing businesses to calculate them based on the price before tax. Restaurant staff and management are divided on the policy.
Greater Sudbury resident dies in 5-vehicle crash involving 3 motorcycles near Port Dover
A person from Greater Sudbury died and two other individuals were transported to hospital after a five-vehicle crash near Port Dover, Ont., late Saturday afternoon.
Queen Victoria's favourite Tuscan villa for sale for more than US$55 million
Once a favoured holiday destination for Queen Victoria, and reputedly described in one of the greatest works of Italian literature, the Villa Palmieri is steeped in history and could now be yours – if you have more than €50 million (US$55 million) lying around.
Liberals will let Conservatives hold non-confidence vote 'fairly soon', no intention of proroguing Parliament
The Liberals have no intention of using procedural tactics to delay the Conservatives' promised non-confidence motion, and they have no plans to prorogue Parliament to hold onto power, according to Government House Leader Karina Gould.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
Toronto
-
Air Canada deal avoids shutdown, brings relief to passengers and business groups
Travellers, business groups and politicians expressed fervent relief on Sunday after Air Canada and the union representing thousands of its pilots negotiated a new labour deal and averted a disruptive, countrywide shutdown.
-
DEVELOPING
DEVELOPING Donald Trump was the subject of 'an assassination attempt,' FBI reports
The FBI said Donald Trump was the target of “what appears to be an attempted assassination” at his golf club in West Palm Beach, Fla., on Sunday.
-
1 person hurt in Etobicoke vehicle rollover
One person has been taken to the hospital with minor injuries after a vehicle rollover in Etobicoke on Sunday afternoon, say paramedics.
Ottawa
-
Beechwood Cemetery ceremony remembers Canadian contributions to the Battle of Britain
The Royal Canadian Air Force (RCAF) marked 84 years since the Battle of Britain in a ceremony on Sunday at Beechwood National Military Cemetery.
-
Ottawa residents rally for Mahsa Amini, push for change in Iran
Hundreds of Ottawa residents gathered in front of Parliament Hill to mark the second anniversary of Mahsa Amini's death and to renew calls for change in Iran.
-
Ottawa OPP charge two impaired drivers in less than an hour Saturday night
Two drivers are facing impaired driving charges after being caught allegedly driving under the influence in two separate incidents Saturday night in Ottawa, according to the Ontario Provincial Police.
Atlantic
-
N.S. wants Canada to bear the full costs for Chignecto Isthmus
After much back-and-forth between the provincial and federal governments, Nova Scotia has moved forward with mitigation work on the Chignecto Isthmus, but the province’s premier says the federal government will have to cover the bill.
-
Ceremony remembers Canada’s contribution to the Battle of Britain
Hundreds gathered on the apron at 12 Wing Shearwater Sunday morning in a ceremony to remember Canada’s contribution to the Battle of Britain.
-
Moncton joins cross-Canada demonstrations for migrant rights
Nine cities across Canada put on demonstrations over the weekend in support of migrant rights as they call for change to happen at a government level.
N.L.
-
Newfoundland and Labrador monitoring rise in whooping cough cases: medical officer
Newfoundland and Labrador's chief medical officer is monitoring the rise of whooping cough infections across the province as cases of the highly contagious disease continue to grow across Canada.
-
Dispute over unrecognized Inuit group halts major conference for Canadian North
A 16-year-old biennial event aimed at fostering business in the country's eastern Arctic and northern regions has been cancelled indefinitely as a dispute unfolds between Inuit in Canada and a Labrador group claiming to share their heritage.
-
Cow cuddling: Why a Newfoundland farm is offering quality time with these 'gentle creatures'
Jim Lester’s farm hopped on the cow-cuddling trend in early August, and his time slots have been pretty well sold out ever since.
Northern Ontario
-
Greater Sudbury resident dies in 5-vehicle crash involving 3 motorcycles near Port Dover
A person from Greater Sudbury died and two other individuals were transported to hospital after a five-vehicle crash near Port Dover, Ont., late Saturday afternoon.
-
Carbon pricing to cause economic 'nuclear winter,' Poilievre tells his MPs
Conservative Leader Pierre Poilievre signaled the Liberals' carbon price and the economy will remain his prime target when Parliament resumes this week.
-
Liberals will let Conservatives hold non-confidence vote 'fairly soon', no intention of proroguing Parliament
The Liberals have no intention of using procedural tactics to delay the Conservatives' promised non-confidence motion, and they have no plans to prorogue Parliament to hold onto power, according to Government House Leader Karina Gould.
London
-
Hundreds turn out for London's 44th annual Terry Fox run
The spirit of Terry Fox took over Springbank Park in London Sunday, as hundreds laced up for the annual Terry Fox Run.
-
One person dead following five vehicle collision in Port Dover
Norfolk OPP say they were on the scene of a five vehicle collision on Blueline Road in Port Dover on Saturday evening at around 6:00 p.m.
-
Charity golf tournament raises $80k for Strathroy hospice
The eleventh annual ‘Power of Golf Fore Charity’ tournament at Caradoc Sands Golf Club on September 10 raised $80,000 to support a future hospice in Strathroy.
Kitchener
-
Sisters finally see the Canadian 'aviation artifact' built by their father nearly 90 years ago
Two sisters have finally been reunited with a plane their father built 90 years ago, that is also considered an important part of Canadian aviation history.
-
Man injured in Cambridge shooting
A 19-year-old man has been taken to hospital after a shooting in Cambridge.
-
Most-read stories of the week: assault with a weapon charge over water gun, man-made island in the Grand River, and Friday the 13th roars into Port Dover
Charges laid after a neighbour was sprayed with a water gun, a man-made island appears in the Grand River, and bikers flock to Port Dover for Friday the 13th.
Windsor
-
DEVELOPING
DEVELOPING Donald Trump was the subject of 'an assassination attempt,' FBI reports
The FBI said Donald Trump was the target of “what appears to be an attempted assassination” at his golf club in West Palm Beach, Fla., on Sunday.
-
Windsor Residence for Young Men shows progress made through $152k grant
On Wednesday, the Windsor Residence for Young Men (WRYM) gave MPPs Andrew Dowie and Lisa Gretzky a look into the effect of the $152,800 grant that they received.
-
Lauzon congestion prompts concerns from Windsor councillor
A Windsor councillor has raised concerns about traffic congestion on the east end of the city.
Barrie
-
OPP searching waters of Georgian Bay for missing youth
A search is underway in Penetanguishene for a youth who went missing while swimming at Huronia Park on Sunday.
-
Thousands take part in Terry Fox Run throughout Simcoe-Muskoka
The Simcoe-Muskoka region raised more than $100,000 in support of cancer research, as thousands took part in their nearest Terry Fox Run on Sunday.
-
One person dead in three-vehicle crash in Mulmur
One person is dead after a three-vehicle crash in Mulmur township Saturday afternoon.
Vancouver
-
B.C. to open 'highly secure' involuntary care facilities
B.C. will be opening “highly secure facilities” for people with addiction and mental health issues in the province, officials said Sunday.
-
Person found dead after car fire in Coquitlam parking lot
One person is dead after a car was found on fire in the parking lot of a rec centre in Coquitlam, B.C., Sunday morning, local Mounties confirmed.
-
Earthquakes shake deep below northern British Columbia coast
The northern British Columbia coast was rattled by two earthquakes below the ocean floor on Sunday.
Vancouver Island
-
B.C. to open 'highly secure' involuntary care facilities
B.C. will be opening “highly secure facilities” for people with addiction and mental health issues in the province, officials said Sunday.
-
Air Canada deal avoids shutdown, brings relief to passengers and business groups
Travellers, business groups and politicians expressed fervent relief on Sunday after Air Canada and the union representing thousands of its pilots negotiated a new labour deal and averted a disruptive, countrywide shutdown.
-
DEVELOPING
DEVELOPING Donald Trump was the subject of 'an assassination attempt,' FBI reports
The FBI said Donald Trump was the target of “what appears to be an attempted assassination” at his golf club in West Palm Beach, Fla., on Sunday.
Winnipeg
-
Winnipeg police investigating fire as homicide after two people die in hospital
Two people are dead after being rescued from a burning Atlantic Ave. building early Saturday morning. Winnipeg police say the fire was suspicious and the homicide unit has taken over the investigation.
-
DEVELOPING
DEVELOPING Donald Trump was the subject of 'an assassination attempt,' FBI reports
The FBI said Donald Trump was the target of “what appears to be an attempted assassination” at his golf club in West Palm Beach, Fla., on Sunday.
-
Hundreds race in 44th annual Terry Fox Run
Hundreds of sneakers hit the pavement and grass in Assiniboine Park on Sunday morning. The annual event, inspired by Terry Fox’s Marathon of Hope more than four decades ago, raises money for cancer research in Canada.
Calgary
-
16 Avenue reopens as city wraps up water main repairs
Sixteenth Avenue reopened to vehicle traffic Sunday, as the city continues to wrap up work on the Bearspaw feeder main.
-
DEVELOPING
DEVELOPING Donald Trump was the subject of 'an assassination attempt,' FBI reports
The FBI said Donald Trump was the target of “what appears to be an attempted assassination” at his golf club in West Palm Beach, Fla., on Sunday.
-
44th annual Terry Fox Run in Calgary surpasses fundraising goal
Around 2,000 people laced up for the 44th annual Terry Fox Run in Calgary Sunday, raising funds for cancer research and bringing hope to survivors and their families.
Edmonton
-
'Craziest thing I've ever seen': Elusive salamanders make surprising mass appearance in Edmonton area
Edmontonians can count themselves lucky to ever see one tiger salamander, let alone the thousands one local woman says recently descended on her childhood home.
-
Man's death in river valley suspicious: EPS
A man is dead after being found seriously injured in the river valley in south-central Edmonton on Saturday.
-
DEVELOPING
DEVELOPING Donald Trump was the subject of 'an assassination attempt,' FBI reports
The FBI said Donald Trump was the target of “what appears to be an attempted assassination” at his golf club in West Palm Beach, Fla., on Sunday.
Regina
-
Highway 1 blocked by semi fire near Webb, Sask.
Officers with Saskatchewan RCMP are on scene of a semi fire on Highway 1 – approximately eight kilometres west of the village of Webb.
-
Hundreds gather to celebrate 150th anniversary of Treaty 4 signing in Fort Qu'Appelle
It was the 150th anniversary of the signing of Treaty 4 – an occasion that saw hundreds gather in Fort Qu'Appelle.
-
City looking for artists to transform Regina's oldest tree into art
The City of Regina has big plans for one of its oldest trees that was cut down last year.
Saskatoon
-
'Human spirit does not stop': Saskatoon's Terry Fox run surpasses fundraising goal
Saskatoon’s 44th annual Terry Fox run took place on Sunday, uniting the community, and country in a shared goal of raising funds for cancer research.
-
Manslaughter charge laid after suspicious death on Sask. First Nation
Police have laid charges in relation to the suspicious death of a 28-year-old man on Beardy's and Okemasis' Cree Nation.
-
'We were scratching our heads': Saskatoon child clinic raises concerns over proposed shelter nearby
There’s more out-cry about a proposed temporary shelter in Saskatoon's downtown core. This time it's from professionals who run a children’s mental health clinic next door, servicing thousands of vulnerable kids each year.
