7-Eleven targeted by Circle K owner for huge convenience store tie-up ...Middle East

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7-Eleven targeted by Circle K owner for huge convenience store tie-up
By Hanna Ziady, CNN London (CNN) — The Canadian owner of Circle K convenience stores has made a bid to buy 7-Eleven in what would be the biggest foreign takeover of a Japanese company on record. In a statement Monday, Seven & I Holdings, the operator of 7-Eleven, confirmed it had received an offer from Canada’s Alimentation Couche-Tard to acquire all of its outstanding shares. Seven & I said it had formed a “special committee” to evaluate the proposal and that no decision had yet been made. “The special committee intends to conduct a prompt, careful, and comprehensive review of the proposal, the (Seven & I’s) stand-alone plans, and other alternatives for enhancing corporate value, a

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