Reported about 2 months ago
Alimentation Couche-Tard has made a preliminary bid to acquire Japan's Seven & i Holdings, the owner of the 7-Eleven chain. This deal, if finalized, could create the world's largest convenience store operator with around 100,000 locations. While Seven & i's stock surged 23% after the bid announcement, the proposal remains non-binding, and the company's special committee will review it carefully. The potential merger faces scrutiny from foreign takeover regulations and market valuation considerations.
Source: YAHOO