The owner of 7-Eleven convenience stores has received a buyout offer for from Canada’s Alimentation Couche-Tard. Japan’s Seven & i Holdings on Monday said that a special committee that made up of outside directors has been formed to review the bid, but released no other details. Shares of Seven & i jumped 23% in Tokyo, the largest single day jump for the stock in the company’s history. The company has been trying to streamline operations and last year sold the department store chain Sogo & Seibu Co. to a U.S. investment fund.
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