The Fight for 7-Eleven

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.2 • 5.3K Ratings

🗓️ 19 November 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earlier this year, Canadian convenience store company Alimentation Couche-Tard put in a bid to acquire 7-Eleven. Then, management from inside 7-Eleven’s parent company, Seven & i, proposed a record-breaking buyout to counter. WSJ’s Jinjoo Lee on the drama around who will own the world’s largest convenience store chain. Further Listening: -The Fight Over U.S. Steel and the Community Caught in the Middle -Why the FTC is Challenging a $25 Billion Supermarket Merger Further Reading: -The Fight for 7-Eleven Isn’t Just About Money -Talk of a 7-Eleven Takeover Has Japan Worried About the Rice Balls Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	711.
0:07.7	In America, it's home with a slurpy, the big gulp,
0:12.3	coming in a rainbow of artificial colors.
0:15.0	The Big Bite Hot Dog, rotating under a heat lamp,
0:19.4	bright yellow nacho cheese, rows of chips, shelves of candy bars.
0:27.5	Yesterday, I popped into one by the office.
0:30.9	All right, I'm in Lower Manhattan, and I'm about to go into a 7-Eleven.
0:38.8	Definitely lots of soda and stuff that you'd expect in a normal 7-Eleven.
0:43.1	And like these, I don't even know what you'd call them.
0:47.6	Like tequitos or something?
0:49.2	Like crunchy with like cheese or chicken inside.
0:53.9	And then you got your big gulp options here.
0:57.0	My gosh, the big gulp is so big.
0:59.9	I decided to pick up a classic slurpy.
1:02.4	I went with Coke flavored.
1:04.0	There's some cherry mixed in there as well.
1:05.6	Wow.
1:06.9	It's really sugary.
1:15.8	And, um, hmm. I mean, it tastes good. I'm not going to lie.
1:20.1	But I don't think I could have more than one of these a decade, honestly.
1:27.1	But I wasn't at 7-Eleven for culinary reasons. I was there for journalism.
1:32.0	Because right now, 7-Eleven is a subject of a major bidding war.
	...

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