MONTREAL — Alimentation Couche-Tard Inc. has made a new offer for the Japanese owner of 7-Eleven. In a statement, Seven & i Holdings Co. Ltd.
In a statement, Seven & i Holdings Co. Ltd. said Wednesday it has received a revised confidential, private and non-binding proposal from the Canadian convenience store operator.
Seven & i had said the earlier proposal undervalued the potential of its convenience store business, while not fully addressing U.S. regulatory concerns. Seven & i added it plans to keep its talks with Couche-Tard confidential, as requested by the Quebec-based company. The company has argued its proposal offers clear strategic and financial benefits and has said it believes the two companies can reach a mutually agreeable transaction.
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