TOKYO :Japan's Seven & i Holdings will set up a holding company for its non-core assets to bring in outside investment, the retailer said in a filing on Thursday.
The announcement marks an acceleration in its plans to boost corporate value in part to resist a takeover bid by Canada's Alimentation Couche-Tard (ACT).
ACT has upped the ante following its initial bid in August with a revised offer that values Seven & i at $47 billion, or 22 per cent above its initial offer, two sources said on Wednesday.
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