Seven & i Rejects Couche-Tard Bid
This is a news story, published by Global News, that relates primarily to Seven & i Holdings Co. Ltd. news.
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•Alimentation Couche-Tard makes revised offer for 7-Eleven owner | Globalnews.ca
70% Informative
Seven & i Holdings Co. Ltd. says it has received a revised proposal from Alimentation Couche-Tard .
The Japanese company rebuffed the earlier bid, saying it “grossly undervalues” the potential of its convenience store business.
A successful deal with 7-Eleven could add 85,800 stores to the company's network.
Analysts say the Japanese company's complex operating model hampers a deal.
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