is not considering a hostile takeover bid for Japan’s Seven & i, the Nikkei business daily quoted the Canadian suitor’s chairman and co-founder, Alain Bouchard, as saying.
Couche-Tard, which competes with Seven & i in the North American petrol station market, in August made an initial bid to take over the Japanese retail giant. It later raised its offer to $47-billion, in what would be the largest-ever foreign takeover of a Japanese company. Asked whether Couche-Tard could raise its bidding price, CEO Alex Miller, who also attended the interview, said: “The current proposed price is attractive for all stakeholders.”