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Owner of 7-Eleven stores receives buyout offer from Canadian rival

Owner of 7-Eleven stores receives buyout offer from Canadian rival

Proposal to Tokyo-based Seven & i by ACT could become biggest foreign takeover of a Japanese firm

The owner of the global convenience store chain 7-Eleven has received an offer from a Canadian rival to buy the company, in what could be Japan’s biggest ever foreign takeover.

The Tokyo-based Seven & i revealed on Monday that it had received a bid from the Canadian convenience store multinational Alimentation Couche-Tard (ACT) to buy its stake in the company.

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