7-Eleven store chain owner gets takeover bid from Canada's Couche-Tard

IRVING, Texas: The owner of the 7-Eleven convenience store chain, Japan's Seven & i Holdings, has received a buyout offer from Canada's Alimentation Couche-Tard.

The company announced that it had formed a special committee of outside directors to review the bid but did not provide further details.

Following the news, shares of Seven & i Holdings surged by 23 percent in Tokyo, marking the most significant