Japan 7-Eleven parent to mull takeover offer from Canada's Couche-Tard

Deal could create a top global retail group centered on convenience stores

20240819 Seven and i Holdings

Seven & i is a major global operator of convenience stores. (Photo by Yuji Murakami)

HIDEKI SHINOHARA and AKIRA YAMASHITA, Nikkei staff writers

TOKYO/LONDON -- Seven & i Holdings, the operator of 7-Eleven convenience stores, has received a takeover offer from Canadian convenience store giant Alimentation Couche-Tard -- owner of Circle K -- in what could potentially be the biggest-ever foreign takeover of a Japanese company.

Seven & i has set up a committee that has begun scrutinizing the proposal, including the valuation, multiple sources with knowledge of the matter told Nikkei.

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