Japan's Seven & i receives takeover offer from Canada's Couche-Tard, Nikkei says
Seven & i's shares surged by 22.7%, their daily trading limit, on the Tokyo exchange. Representatives from the company did not immediately respond to a request for comment.
Seven & i, operator of the 7-Eleven convenience store chain, has set up a committee to scrutinise the proposal, including the valuation, the Nikkei said. If the deal goes through, this would be the largest ever buyout of a Japanese firm by an overseas company, Nikkei said.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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