Giant Eagle Inc. has completed the sale of its GetGo convenience store business to Canada’s Alimentation Couche-Tard Inc., whose banners include Circle K.
The Japanese company whose banners include 7-Eleven stores in the U.S. and Canada is still negotiating a possible buyout from Alimentation Couche-Tard Inc., with an increased price tag.
The Japanese company that operates 7-Eleven convenience stores has rejected a buyout offer from Alimentation Couche-Tard Inc., saying it "grossly" undervalues the company's value.
Alimentation Couche-Tard Inc. is expanding its footprint of convenience stores in the United States through an acquisition while eyeing an even bigger deal that would create a global c-store powerhouse.