A special committee reviewing the offer decided in favor of keeping the Japanese convenience store chain independent because of antitrust concerns in the U.S.

Seven & i plans to reject a takeover bid from Canada's Alimentation Couche-Tard as the retailer seeks to enhance its corporate value on its own, the Yomiuri newspaper reported. The retailing giant is finalising a plan for CEO Ryuichi Isaka to step down with his replacement almost certain to be director Stephen Dacus,

Eleven's owner is set to replace its CEO as the Japanese convenience store giant battles a $47-billion takeover bid by Canada's Alimentation Couche-Tard (ACT), reports said Monday. Last week Seven & i said its founding family failed to put together a buyout to fend off ACT's offer,

Seven i Holdings Co., Ltd. (TYO:3382) is reportedly set to reject a $47 billion acquisition offer from Canadas Alimentation Couche Tard Inc. (TSX:ATD), according to Japans Yomiuri newspaper. The retail giant,

Shares of Seven & i tumbled as much as 12% on Tuesday, following a report the 7-Eleven owner plans to reject a $47 billion takeover offer from Canada's Alimentation Couche-Tard, although the Japanese company said it was still considering the offer.

Seven & i Holdings Co. shares were stuck in choppy trading after the company denied a media report that it was rebuffing a $47 billion takeover offer from Canada’s Alimentation Couche-Tard Inc..

Shares of the owner of 7-Eleven plunged on Tuesday after a report said the Japanese retailer plans to reject a multibillion-dollar takeover offer by Canada's Alimentation Couche-Tard (ACT). The latest news followed separate reports that the 7-Eleven owner is set to replace its CEO Ryuichi Isaka with outside director Stephen Hayes Dacus.