TOKYO -- Canadian convenience store operator Alimentation Couche-Tard has made a new takeover offer to Japanese retailer Seven & i Holdings that raises the valuation by more than 20% compared with its previous offer, people with knowledge of the deal told Nikkei.
The proposed all-share buyout would be worth $47 billion, up from an earlier offer of $38.5 billion. If the deal goes through, it would be the largest acquisition of a Japanese company by a foreign one.
