Canada’s Alimentation Couche-Tard’s, operator of rival Circle K, has reportedly increased its original bid to acquire Japan’s Seven i Holdings, owner of rival 7-Eleven convenience stores, after a $39 billion offer was rejected back in early September.
The combined entity would bring together more than a hundred thousand shops globally, where in Japan, the popularity of konbini outlets provides a slew of amenities from ready to eat meals to bill payment services.
The unsolicited bid represents the largest offer by a foreign enterprise looking to acquire a Japanese-listed company. Though the initial proposal was declined, the deal presents a window into Tokyo’s persistent effort to enhance shareholder...
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