7-Eleven confirms huge buyout proposal from Circle K owner

The Canadian owner of Circle K wants to buy rival Seven & i, which, if the deal is agreed, would be the largest foreign takeover of a Japanese listed company; however antitrust issues are likely.

The Japanese parent company of the global convenience store chain, 7-Eleven, confirmed on August 19 that it had received an acquisition proposal from Alimentation Couche-Tard (ACT), the owner of Circle K. 

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