7-Eleven Owner Confirms New Takeover Offer From Couche-Tard

While 7-Eleven began life in the United States, it's been wholly owned by Japan's Seven & i since 2005 (Credit: AFP)

The Japanese owner of 7-Eleven said on Wednesday it had received a "revised" takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around $40 billion.

7-Eleven is the world's biggest convenience store chain and has more than 85,000 outlets worldwide, around a quarter of those in Japan.