The Japanese owner of 7-Eleven said on Wednesday it had received a "revised" takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around $40 billion. 7-Eleven is the world's biggest convenience store chain and has more than 85,000 outlets worldwide, around a quarter of those in…

The Japanese owner of 7-Eleven said on Wednesday it had received a "revised" takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around $40 billion.

The Japanese owner of 7-Eleven said on Wednesday it had received a "revised" takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around $40 billion.

Shares in the Japanese owner of 7-Eleven surged Wednesday following reports that Canada's Alimentation Couche-Tard (ACT) had hiked its takeover offer by almost 20 percent. But Bloomberg News and Japan's Nikkei business daily reported Wednesday that ACT, which owns the Circle K brand, had upgraded its offer to $18.19 per share, or a total of around seven trillion yen ($47.2 billion).

Shares in the Japanese owner of 7-Eleven surged Wednesday following reports that Canada's Alimentation Couche-Tard (ACT) had hiked its takeover offer by almost 20 percent. But Bloomberg News and Japan's Nikkei business daily reported Wednesday that ACT, which owns the Circle K brand, had upgraded its offer to $18.19 per share, or a total of around seven trillion yen ($47.2 billion).

Alimentation Couche-Tard reportedly offered to pay over $47bn for the Japanese-owned retail giant.

TOKYO :Shares of Seven & i Holdings surged on Wednesday after Bloomberg News reported Canada's Alimentation Couche-Tard had raised its takeover offer price by more than a fifth, valuing the Japanese retail giant at $47 billion.The new proposal at $18.19 per share was more than 20 per cent higher than Couche-T

TOKYO :Canada's Alimentation Couche-Tard (ACT) has made a revised bid for Seven & i Holdings, the Japanese company said on Wednesday, which two people familiar with the matter said hiked the offer by 22 per cent to about $47 billion. If it were to go ahead, the deal for the 7-Eleven owner would be the largest

TOKYO :Japan's Seven & i Holdings said on Wednesday it had received a revised takeover bid from Canada's Alimentation Couche-Tard, with a report saying the offer had been sweetened by a fifth to value the 7-Eleven owner at $47 billion.If it were to go ahead, the deal would be the largest-ever overseas buyout

TOKYO :Japan's Seven & i Holdings said on Wednesday it had received a revised takeover bid from Canada's Alimentation Couche-Tard (ACT) , which was raised to around $47 billion from $38.5 billion, according to two people familiar with the matter.If it were to go ahead, the deal for the 7-Eleven owner

:Shares of Seven & i Holdings surged more than 10 per cent on Wednesday after Bloomberg News reported Alimentation Couche-Tard (ACT) raised its takeover proposal price by more than a fifth, valuing the Japanese retailer at $47.1 billion.The new bid, at $18.19 per share, was more than 20 per cent higher than A