TOKYO: Japanese retailer Seven & i holdings, operator of the 7-Eleven convenience store chain, said on Monday (Aug 19) it has received a preliminary takeover offer from Canada's Alimentation Couche-Tard. Shares in Seven & i surged by 22.
People are seen at Seven & i Holdings Co's Seven Eleven convenience store in Tokyo, Japan, on Jan 12, 2017. TOKYO: Japanese retailer Seven & i holdings, operator of the 7-Eleven convenience store chain, said on Monday it has received a preliminary takeover offer from Canada's Alimentation Couche-Tard.
Seven & i said it has formed a special committee to review the proposal but no decision has been made by either the committee or board of directors. In 2020, Seven & i and Couche Tard were rival bidders to take over US gas station chain Speedway, which the Japanese company ended up purchasing for US$21 billion.
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