Reported about 2 months ago
Canada's Alimentation Couche-Tard has made a preliminary proposal to acquire Japan's Seven & i Holdings, the owner of the 7-Eleven chain, marking a significant foreign interest in Japanese retail. The bid highlights a growing trend among Western investors attracted by Japan's improved corporate governance. While the specifics of the offer remain undisclosed, it has already prompted a nearly 23% surge in Seven & i's stock price. The deal, if finalized, would represent the largest acquisition of a Japanese firm by a foreign entity, surpassing the previous record involving Toshiba.
Source: YAHOO