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Canada's Couche-Tard's chief stresses 'friendly' interest in Japan's 7-Eleven chain

Melbourne, Australia: March 23, 2017: 7-Eleven convenience store in the Melbourne suburb of St Kilda. 7-Eleven is a Japanese-owned American international chain of convenience stores, headquartered in Irving, Texas, it has 64,319 stores in 18 countries as of January 2018
Melbourne, Australia: March 23, 2017: 7-Eleven convenience store in the Melbourne suburb of St Kilda. 7-Eleven is a Japanese-owned American international chain of convenience stores, headquartered in Irving, Texas, it has 64,319 stores in 18 countries as of January 2018iStock.com/jax10289

Canada's Alimentation Couche-Tard has reiterated its determination to acquire Seven & i Holdings, although the operator of Japan's top convenience store chain has rejected its offer. 

The chairman and founder of Alimentation Couche-Tard, Alain Bouchard, told reporters in Tokyo his company was pursuing a "friendly" transaction, not a hostile takeover. 

He reiterated his promise to retain local management, saying the merger would be good for 7-Eleven's business. 

The chain includes more than 20,000 stores nationwide, with more than 80,000 outlets globally that serve an estimated 63 million customers a day, according to Tokyo-based Seven & i Holdings Co.

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