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Couche-Tard Mulls Higher Bid for Seven & i Holdings

The Canadian firm is considering raising its $38.5 billion offer to engage the Japanese convenience store operator in talks.

  • Alimentation Couche-Tard is evaluating how much it can increase its offer for Seven & i Holdings.
  • Seven & i shares surged over 4% in morning trading after news of potential increased offer.
  • Initial $38.5 billion bid was rejected by Seven & i, citing shareholder interests and potential antitrust issues.
  • Seven & i has appointed Nomura to advise on the potential takeover battle.
  • Couche-Tard remains confident in securing financing for what would be the largest-ever foreign takeover of a Japanese company.
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