Couche-Tard Weighs Rising Bid for Japan’s Seven & I- Bloomberg by Investing.com

Investing.com– Alimentation Couche Tard Inc (TSX: ) is considering increasing its takeover bid for Seven & i Holdings (TYO: ) after the Japanese convenience store operator dropped an earlier approach to the Canadian firm of retail, Bloomberg reported Thursday.

Seven & I shares rose more than 4 percent in Tokyo trading, according to the Bloomberg report.

Couche-Tard earlier offered about $38.5 billion for operator 7-Eleven, which the Japanese retail giant rejected for low value and potential US antitrust challenges, given that any potential merger would form one of the largest convenience stores in the world. operators.

But Couche-Tard was now considering improving its takeover bid for the company, with the aim of getting Seven & I to begin talks on a potential deal, the Bloomberg report said.