Seven & i Holdings (TYO:3382) has received a revised, non-binding proposal from Alimentation Couche-Tard Inc. (ACT), confirming a Wednesday Reuters report on the matter, according to its filing on the same day.
The company plans to maintain confidentiality regarding ongoing discussions, and focus on shareholders' and stakeholders' best interests.
Reuters on Wednesday, citing sources, reported that ACT increased its offer by 22% to approximately $47 billion, potentially marking the largest overseas buyout of a Japanese firm.
Price (JPY): $2335.00, Change: $+110, Percent Change: +4.71%
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