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International Business Times
International Business Times
Business

Couche-Tard Bosses Make Case In Tokyo For 7-Eleven Buyout

Act Alex Miller Tokyo 7Eleven Seven i Alimentation CoucheTard Circle K Japan
7-Eleven is the world's biggest convenience store brand (Credit: AFP)

The directors of Canadian convenience store giant Alimentation Couche-Tard (ACT) said on Thursday they were seeking a "friendly" buyout of 7-Eleven but lamented a lack of progress towards a deal.

Seven & i, the Japanese parent company of 7-Eleven -- the world's biggest convenience store brand -- rebuffed an ACT takeover offer worth nearly $40 billion last year.

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