Plus, buy now, pay later start-up Klarna gets ready for an IPO
Japanese convenience store operator receives rival buyout offer from members of founding family
Merger of convenience store and petrol station chains would create one of the largest retail groups in America
Size of potential takeover likely to spark antitrust concerns in both US and Japan but deal makes sense for Couche-Tard
Shares in Seven & i rise on hopes of improved offer from Canada’s Alimentation Couche-Tard
Japanese company says Canadian rival ‘grossly undervalues’ group with proposal of close to $15 a share
Special committee reviewing the bid views the offer as insufficient and is concerned about regulatory risk
Couche-Tard’s approach to the owner of 7-Eleven could kick-start a wave of M&A activity in a country that has tended to avoid it
Internal talks on blocking takeover attempt by Canada’s Couche-Tard comes despite official moves to look at best value for investors
Groups look for ways to take part in deal for Japanese convenience store company
Lawyers, bankers and PE fund supremos say the stage is set for a wave of smaller-scale, exploratory unsolicited takeovers
Tie-up between Couche-Tard and Japan’s Seven & i would create one of America’s largest retail chains
Closure of 1,000 stores will not be enough to counter structural decline
Japanese retail chief has support of activist Dan Loeb but now needs to deliver
Head of 7-Eleven Japan unit named as group president in decision seen as a victory for shareholder activists
Consolidation is a convenient way to make retailers change
