Japanese retailer Seven & i holdings has received a takeover offer from Canada’s Alimentation Couche-Tard, the Nikkei newspaper reported on Monday.
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.
Reuters
