Canada's Alimentation Couche-Tard said on Tuesday it is confident in attaining the U.S. regulatory approvals required to buy out Japan's Seven & i Holdings after the latter said antitrust law would be a barrier to any deal.

Alimentation Couche-Tard Inc. will keep up “friendly and persistent” attempts to forge a deal to acquire Seven & i Holdings Co., saying that it has the financing in place and sees a clear path to gaining antitrust regulatory appeal in the US.

In letter to shareholders, retailer cites ‘cautionary tale’ of terminated Albertsons-Kroger deal’s flawed divestiture strategy as

Canada’s convenience store and gas station operator Alimentation Couche-Tard Inc. says it has held “exploratory discussions” with buyers for any US stores that would need to be divested to secure regulatory approval for a potential takeover of Japanese rival Seven & i Holdings Co.

The parent company of 7-Eleven appears to be warming to a possible sale to Quebec-based convenience store owner Alimentation Couche-Tard.

Japan's Seven & i Holdings said on Monday that talks have begun with Canada's Alimentation Couche-Tard (ACT) over a store sale plan that would set the stage for ACT's $47 billion takeover bid. Last week,