(Reuters) – Alimentation Couche-Tard plans to inform 7-Eleven operator Seven & i Holdings that it was nonetheless eager to pursue an acquisition, Bloomberg Information reported on Sunday citing individuals conversant in the matter.
The Canadian comfort retailer plans to write down to the Japanese retailer within the coming days to reiterate its curiosity in a deal and has not dominated out going on to the shareholders with its bid, the report mentioned.
Couche-Tard and Seven & i didn’t instantly reply to a Reuters request for remark.
Seven & i, which mentioned final month it had obtained a suggestion from Circle-Ok proprietor Couche-Tard with out naming the worth, disclosed the bid was at $14.86 a share and mentioned it was open to “sincerely consider” any proposals.
The proposal may sign a willingness to supply a better worth if Seven & i agrees to pleasant negotiations, the report mentioned citing one particular person conversant in the matter.
The 7-Eleven operator has mentioned the proposal isn’t in the most effective curiosity of its shareholders and will face antitrust challenges within the U.S., because the mixed entity can be the comfort retailer trade’s greatest by a substantial margin.
(This story has been refiled to repair the headline)
