While embroiled in an aggressive and unsolicited takeover attempt, 7&i Holdings of Japan has announced a project to build 500 additional convenience stores in the U.S. under the 7-Eleven banner. According to the company standard, the new “evolution” stores will be larger than current convenience stores and will offer seating space.  The plan calls for 125 units in 2025 with a total of 500 by 2027.

This announcement may have been issued as a deterrent to Couche-Tard of Canada that has already made two offers for the chain with a history of lackluster performance.