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International Business Times
International Business Times
Business
Simon STURDEE

7-Eleven Owner Restructures To Fight Takeover

Seven i Act 7Eleven Japan CoucheTard
7-Eleven is the world's biggest convenience store chain (Credit: AFP)

The owner of 7-Eleven announced a major restructuring on Thursday as it seeks to boost its share price and fend off what would be the biggest foreign takeover of a Japanese firm.

Seven & i Holdings rejected a $40-billion takeover offer last month from Alimentation Couche-Tard (ACT) but the Canadian group has since then reportedly sweetened its offer.

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