7-Eleven Owner Rejects Takeover Offer, Shareholders Are Peeved: Will Couche-Tard Raise Bid?

Last week, 7-Eleven store operator Seven & i Holdings Co. (OTC:SVNDF) (OTC:SVNDY) rejected a takeover offer from Alimentation Couche-Tard Inc. (OTC:ANCTF), saying the deal undervalues the company.

ECanadian store operator Alimentation Couche-Tard remains interested in the $39 billion deal to bring the Japanese convenience store company under its roof.

Couche-Tard, owner of the Circle-K brand, expressed willingness to make divestitures to gain regulatory approval.

Alimentation Couche-Tard is reportedly discussing an increased takeover offer, according to ...