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Couche-Tard Chairman Says No Hostile Takeover Bid For Seven & i

Alimentation Couche-Tard is not considering a hostile takeover bid for Japan’s Seven & i, Nikkei has reported.

Canada’s Alimentation Couche-Tard has made a revised bid for Seven & i Holdings, the Japanese company said on Wednesday.

Japan’s Seven & i Holdings plans to seek buyers for a majority stake in its supermarket businesses, Nikkei business daily reported.

Alimentation Couche-Tard is discussing how much it could raise its offer price to buy Japan’s Seven & i Holdings, Bloomberg news reported.

Circle K owner Alimentation Couche-Tard (ACT) has made a bid for a potential takeover of Japan’s 7-Eleven convenience chain.