Japan 7-Eleven operator to review takeover bid by Canada retail giant

Japanese retail giant Seven & i Holdings Co. said Monday it has received a proposal by Canadian convenience store giant Alimentation Couche-Tard Inc. to acquire all of its outstanding shares.The operator of the Seven-Eleven convenience store chain said an independent special committee formed by its board of directors will "conduct a prompt, careful and comprehensive review of the proposal."While the proposed acquisition amount has not been disclosed, sources have indicated that it is considered "unrealistic," raising the possibility that the offer may be too low to be feasible.As of Monday,…READ FULL ARTICLE