7-Eleven: Canadian retail giant makes £29.2bn takeover bid
Source: BBC
A Canadian convenience store giant has made a bid worth $38bn (£29.2bn) for the Japanese-owned 7-Eleven in what could be the country's record foreign takeover.Circle K owner Alimentation Couche-Tard's (ACT) made the approach for the chain - a staple across Asia and North America - on Monday.ACT's footprint in the US and Canada would more than double to more than 20,000 sites if the deal goes ahead.The news comes…
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