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.