Owner of 7-Eleven rejects $39bn takeover offer from Canadian rival

Japanese group says Couche-Tard plan undervalues firm, but leaves door open to higher offerBusiness live – latest updatesThe parent company of the global convenience store chain 7-Eleven has rejected a near $39bn (£29.6bn) takeover offer from a Canadian rival, arguing it “grossly undervalues” the company.Last month, Tokyo-based Seven & i revealed that it had received a bid from Alimentation Couche-Tard setting the scene for what could be Japan’s biggest ever foreign takeover. Continue reading...