According to insiders, Canadian Alimentation Couche-Tard is currently discussing the possibility of improving its takeover proposal for Seven & I Holdings. The aim is to convince the Japanese supermarket chain to enter into talks.
Couche-Tard has been considering how much it could raise the potential offer, said the people, who spoke on condition of anonymity because the information is private. Shares in Seven & I rose as much as 7.3% in late morning trading in Tokyo on Thursday.
According to sources, a bid would have to be significantly higher than the original offer of $14.86 per share to induce Seven & I to negotiate.
