The Circle K operator cited Seven & i’s “lack of constructive engagement” in its decision to withdraw the bid, while Seven & i said it was disappointed but not surprised.

Canadian retail chain Alimentation Couche-Tard is dropping its proposal to acquire Seven & i Holdings Co_, the Japanese operator of the 7-Eleven convenience store chain, citing frustration in ongoing negotiations that showed what it called “a lack of

Couche-Tard raises bid for Seven & i by 22%, valuing the company at about $47 billion, sources say. Seven & i unveils plan to hive off underperforming businesses into holding company and focus on its convenience stores, while assessing Couche-Tard's revised bid.