Seven & i Holdings (TYO:3382) denied media reports the company is set to reject Alimentation Couche-Tard's (ACT) acquisition proposal, the company said in a release on Tuesday.
The company said it is actively exploring options to maximize shareholder value, including ACT's proposal.
A special committee is working with ACT to evaluate the proposal and address potential US antitrust issues, the company said.
Seven & i Holdings' shares shed nearly 7% at market close.
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