Major Japanese retailer Seven & i Holdings Co. plans to turn down a takeover bid proposed by Canadian convenience store giant Alimentation Couche-Tard Inc., as its offer price is not high enough, sources familiar with the matter said Thursday.The Japanese company's board concluded that the deal does not benefit its shareholders, and it is expected to send a notification letter to the Canadian firm soon, the sources said.Seven & i said in August that it had received a nonbinding, preliminary buyout proposal from the Canadian retailer, without revealing the offer price.The Japanese firm set u…READ FULL ARTICLE
