The Japanese owner of 7-Eleven has rejected a takeover offer from Quebec-based Alimentation Couche-Tard Inc.

Seven &amp; i Holdings Co. Ltd. says the proposal by the Canadian convenience store operator “grossly undervalues” the company.

In a letter to Couche-Tard, Seven &amp; i called its offer of US$14.86 per share in cash “opportunistically timed” and said the proposal was not in the best interest of its shareholders and other stakeholders.

Seven &ampamp; i Holdings Co. Ltd. says the proposal by the Canadian convenience store operator "grossly undervalues" the company.{ai:summary}<p>Seven & i Holdings Co. Ltd., the Japanese owner of 7-Eleven, has declined a takeover offer from Canada's Alimentation Couche-Tard Inc. The Japanese company deemed the US$14.86 per share offer to be too low and poorly timed.</p><p>They stated that the proposal does not serve the best interests of their shareholders and stakeholders. #economy</p>

Japanese owner of 7-Eleven Seven & i Holdings rejects Couche-Tard takeover offer

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