TOKYO (Reuters) – Canada’s Alimentation Couche-Tard is discussing how much it could raise the offer price to buy Japan’s Seven & i Holdings, Bloomberg News reported on Thursday, citing unnamed sources familiar with Couche-Tard’s internal talks.
Shares in Seven & i rose more than 4% by the end of morning trade on Thursday.
Couche-Tard earlier this week said it was willing to continue talks with Seven & i on its $38.5 billion takeover offer, as it remains keen on pursuing a buyout.
(Reporting by Kantaro Komiya; Editing by Muralikumar Anantharaman and Chang-Ran Kim)
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