TOKYO — Seven & i Holdings, operator of the 7-Eleven convenience store chain, will send a letter to Canadian grocery giant Alimentation Couche-Tard saying the purchase price offered in its latest takeover bid is too low, and competition law concerns remain, Nikkei has learned.
Couche-Tard's initial, non-legally binding takeover offer includes an all-cash purchase of just under $15 per share, bringing the total proposed purchase price to about $40 billion, according to a source familiar with the deal. does.