A Canadian convenience store giant has made a bid worth $38bn (£29.2bn) for the Japanese-owned 7-Eleven in what could be the country’s record foreign takeover.
Circle K owner Alimentation Couche-Tard (ACT) made the approach for the chain – a staple across Asia and North America – on Monday.
ACT’s footprint in the US and Canada would more than double to more than 20,000 sites if the deal goes ahead.
The news comes after the Japanese stock market was rocked by record swings earlier this month.
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