7-Eleven Malaysia Holdings Berhad: Withdrawal of Acquisition Proposal

In a significant development in the retail sector, Alimentation Couche-Tard, the Canadian owner of the Circle K chain, has announced the withdrawal of its $50 billion proposal to acquire Seven & i Holdings, the parent company of 7-Eleven. This decision, announced on July 16, 2025, was attributed to a lack of constructive engagement from Seven & i Holdings. Couche-Tard communicated this decision through a formal letter to the Board of Directors of Seven & i Holdings, highlighting the challenges faced in progressing the acquisition talks.

Financial Overview of 7-Eleven Malaysia Holdings Berhad

7-Eleven Malaysia Holdings Berhad, a prominent Malaysian conglomerate headquartered in Kuala Lumpur, is listed on Bursa Malaysia. As of July 14, 2025, the company’s close price stood at MYR 2, with a 52-week high of MYR 2.02 and a low of MYR 1.81. The market capitalization of the company is approximately MYR 2.34 billion. The price-to-earnings ratio is notably high at 59.47, indicating a premium valuation in the market.

Related Developments

In related news, over 200 drivers at Genesis Logistics, a DHL Supply Chain subsidiary, are set to hold a practice picket in Stafford, Virginia, on July 16, 2025. These drivers, represented by Teamsters Local 322, are demanding a fair and timely first contract. They deliver to 7-Eleven stores across the Mid-Atlantic region, highlighting the interconnectedness of logistics and retail operations.

Other News Highlights

  • The Hong Kong Book Fair, Sports and Leisure Expo, and World of Snacks opened on July 16, 2025, with a theme of “Food Culture Future Living.”
  • Uber Eats has expanded its SNAP EBT program to include new retailers such as Wegmans, Gopuff, and Family Dollar, enhancing grocery and convenience options for consumers using SNAP benefits.
  • National Hot Dog Day, celebrated on July 16, 2025, continues to offer various promotions and deals across the country.

These developments reflect ongoing changes and challenges in the retail and logistics sectors, with significant implications for companies like 7-Eleven Malaysia Holdings Berhad.