7-Eleven owner rejects $38bn buyout offer

7-Eleven owner rejects $38bn buyout offer

7-Eleven owner rejects $38bn buyout offer ![Pedestrians walk past a convenience store 7-Eleven in Hong Kong.](https://ichef.bbci.co.uk/news/1024/cpsprodpb/99de/live/27f1a0f0-6bee-11ef-9b5b-f1989844e211.jpg) The Japanese owner of 7-Eleven said the offer was too low and fraught with regulatory risk - Published The Japanese owner of convenience store chain 7-Eleven has rejected a $38bn (£29.2bn) takeover bid from a Canadian rival. In a letter addressed to the Circle K owner Alimentation Couche-Tard (ACT), Seven & i Holdings said the Canadian company's offer "grossly" undervalued the company and was …