TOKYO -- Japan's Seven & i Holdings, owner of convenience store chain 7-Eleven, on Friday disclosed a letter to Alimentation Couche-Tard in which it says a proposed takeover by its Canadian peer is "opportunistically timed and grossly undervalues our standalone path and the additional actionable avenues."
Business deals
7-Eleven owner says bid by Couche-Tard undervalues its potential
Seven & i discloses letter responding to Canadian peer's takeover proposal
Japan's Seven & i Holdings has told Alimentation Couche-Tard that the Canadian company's proposed takeover is "opportunistically timed and grossly undervalues our standalone path and the additional actionable avenues." (Photo by Yoshiyuki Tamai)
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