Overview

• 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.