Seven & i shares jump on reports of Couche-Tard's $47b offer

Seven & i shares jump on reports of Couche-Tard's $47b offer

FILE PHOTO: Seven & i’s logo is seen at a 7-Eleven convenience store in Tokyo, Japan August 19, 2024. REUTERS/Kim Kyung-Hoon/File Photo

Shares of Seven & i Holdings surged on Wednesday after Bloomberg News reported Canada’s Alimentation Couche-Tard had raised its takeover offer price by more than a fifth, valuing the Japanese retail giant at $47 billion.