Canada’s Alimentation Couche-Tard is discussing enhancing its takeover proposal for Seven & I Holdings with the aim of convincing the Japanese comfort retailer operator to start out participating in discussions, individuals with data of the matter mentioned.
Couche-Tard has been weighing how a lot it will have the ability to improve the potential provide, the individuals mentioned, asking to not be recognized as a result of the knowledge is non-public. Shares in Seven & I rose as a lot as 7.3% in late morning buying and selling in Tokyo on Thursday.
A bid would must be considerably larger than the preliminary proposal of $14.86 per share in an effort to get Seven & I to enter negotiations, based on the individuals.
