Couche-Tard’s 7-Eleven Overlaps to Face Skeptical US Review (1)

Circle K operator Alimentation Couche-Tard Inc. is likely to face a tough US antitrust review if it moves forward with its $47.2 billion bid to buy 7-Eleven owner Seven & i Holdings Co., according to a Bloomberg News analysis.

The companies directly compete in thousands of locations across the US with more than 45% of Circle Ks within two miles of a 7-Eleven or related store, according to data compiled by Bloomberg.

Jennifer Rie, Bloomberg Industries antitrust analyst, said that the “chances are very high” the US Federal Trade Commission may find the concentration levels problematic.

The data ...