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International Business Times
International Business Times
Business
Kyoko HASEGAWA, Hiroshi HIYAMA

7-Eleven Owner Announces Counter-bid To Foreign Buyout

7Eleven Seven i Act CoucheTard Japan
7-Eleven is the world's biggest convenience store chain, with around 85,000 outlets worldwide (Credit: AFP)

The Japanese owner of 7-Eleven said Wednesday its founding family had offered a counter-bid to a takeover attempt by Canadian convenience store rival Alimentation Couche-Tard (ACT).

With around 85,000 outlets, 7-Eleven is the world's biggest convenience chain. If realised, Couche-Tard's seven trillion yen ($45 billion) takeover would be the largest foreign buyout of a Japanese firm.

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