Japanese 7-Eleven owner says rejected initial takeover offer from Canadian rival …C0NTINUE READING HERE >>>
The purchase of Seven & i Holdings would be the biggest ever foreign takeover of a Japanese firm.
Photo: Richard A. Brooks / AFP
Source: AFP
The Japanese owner of 7-Eleven said Friday it had rejected a takeover bid from retail giant Alimentation Couche-Tard, saying the proposal “grossly undervalues” the company.
As the world’s biggest convenience store chain, 7-Eleven operates more than 85,000 outlets globally.
A letter from the board of Seven & i Holdings to its Canadian rival said it…
>