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The Guardian - UK

Business

Jack Simpson

Owner of 7-Eleven stores receives buyout offer from Canadian rival

Act Seven i 7Eleven United States Japan Tokyo

A 7-Eleven convenience store in Tokyo, Japan — 7-Eleven has more than 84,000 convenience stores across 19 countries, including 13,000 in the US and 22,000 in Japan. Photograph: Kim Kyung-Hoon/Reuters

The owner of the global convenience store chain 7-Eleven has received an offer from a Canadian rival to buy the company, in what could be Japan’s biggest ever foreign takeover.

The Tokyo-based Seven & i revealed on Monday that it had received a bid from the Canadian convenience store multinational Alimentation Couche-Tard (ACT) to buy its stake in the company.

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