Japanese owner of convenience store giant says offer from Canadian rival ‘grossly undervalues’ firm.

The Japanese owner of convenience store chain 7-Eleven has rejected a $38bn (£29.2bn) takeover bid from Canadian rival Alimentation Couche-Tard.

In a letter addressed to the prospective buyer, Seven & i Holdings said the Circle K owner’s offer “grossly” undervalued the company and was fraught with regulatory risk.

  • Rampsquatch
    7·
    3 months ago

    If Circle K bought 7/11 then there wouldn’t be any reasonable competition in Canada, they aren’t wrong when they say “fraught with regulatory risk”.