Seven & i to tell Couche-Tard its takeover bid price is "inadequate": report

Seven & i to tell Couche-Tard its takeover bid price is "inadequate": report

FILE PHOTO: Shoppers walk out from a Seven & I Holdings' 7-Eleven convenience store in Tokyo, Japan, April 7, 2016. REUTERS/Yuya Shino/File/File Photo

Japanese retail giant Seven & i will inform Canada’s Alimentation Couche-Tard that its takeover bid price is “inadequate”, a source familiar with the matter said on Thursday.