Canadian distribution group Alimentation Couche-Tard (ACT) has submitted a new buyout offer of around 47,000 million dollars (42,800 million euros) for Japanese parent company Seven & i Holdings, owner of 7-Eleven stores. This non-binding proposal is 20% higher than the proposal rejected by the Japanese company several weeks ago.
The increased bid adds pressure to investors and shareholders of the Japanese parent company. The price of Seven & i Holdings has appreciated more than 10% today after knowing the information conveyed by Bloomberg and closed with a raise
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