Operator of 7-Eleven in Japan receives takeover offer from Alimentation Couche-Tard

Couche-Tard eyes Japan

Photo: The Canadian Press

A Couche Tard convenience store is shown in Montreal on October 5, 2012. THE CANADIAN PRESS/Graham Hughes

The company behind the 7-Eleven convenience store chain in Japan says it has received a takeover offer from Alimentation Couche-Tard Inc.

Terms of the proposal by the Canadian convenience store company were not disclosed.

In a statement, Seven & i Holdings Co. Ltd. says it has received a confidential, non-binding and preliminary offer from Couche-Tard to buy all of the outstanding shares of the company.

The board of directors of the Japanese retailer has formed a special committee to review the proposal.

Seven & i says the committee will conduct a careful and comprehensive review of the proposal, the company’s stand-alone plans and other alternatives.

Couche-Tard has operations in 31 countries and territories and more than 16,700 stores.